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-world applicability of results compared to previous analyses. We show that a combined merchant-regulatory regulation, which draws upon a …
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-based regulation of access charges for electricity grids enhances competition in the downstream-market. The paper shows that the … field by means of a cost-based regulation of access charges always creates competition in the downstream-market. The paper … also derives the welfare effects of both the liberalization of the downstream-market and the cost-based regulation. …
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