We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show theoretically, and estimate empirically, that German electricity distribution system operators (DSOs) incur higher costs when subject to a lower-powered regulation mechanism. The...

We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show theoretically, and estimate empirically, that German electricity distribution system operators (DSOs) pile up more costs in the year used to determine future prices when subject...

We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show theoretically, and estimate empirically, that German electricity distribution system operators (DSOs) incur higher costs when subject to a lower powered regulation mechanism. The...

Im Zuge der Diskussion über die Liberalisierung des deutschen Strommarktes wurde von kommunaler Seite die Befürchtung vorgebracht, daß die Einführung von Wettbewerb zu einem Rückgang der Gemeindeeinnahmen führe Dieser Beitrag untersucht diese Behauptung aus ökonomischer Sicht. Es zeigt...

Im Zuge der Diskussion über die Liberalisierung des deutschen Strommarktes wurde von kommunaler Seite die Befürchtung vorgebracht, daß die Einführung von Wettbewerb zu einem Rückgang der Gemeindeeinnahmen führe. Dieser Beitrag argumentiert aus ökonomischer Sicht, daß diese Befürchtung...

While liberalization in energy markets has been a widely successful process all over the world, incumbents often still hold a dominant position. Thus, electricity wholesale markets are subject to market surveillance. Nevertheless, consolidated findings on abusive practices of market power and...

While liberalization in energy markets has been a widely successful process all over the world, incumbents often still hold a dominant position. Thus, electricity wholesale markets are subject to market surveillance. Nevertheless, consolidated findings on abusive practices of market power and...

While liberalization in energy markets has been a widely successful process all over the world, incumbents often still hold a dominant position. Thus, electricity wholesale markets are subject to market surveillance. Nevertheless, consolidated findings on abusive practices of market power and...

This paper applies parametric and non-parametric and parametric tests to assess the efficiency of electricity distribution companies in Germany. We address traditional issues in electricity sector benchmarking, such as the role of scale effects and optimal utility size, as well as new evidence...