Electricity Decentralization in the European Union: Towards Zero Carbon and Energy Transition, Second Edition, examines progress in decentralization across the European Union (EU), with each chapter focusing on developments and innovations in a specific country. Sections provide an overview of...

Green parties are commonly seen as strong proponents of wind power. This paper presents an alternative view, examining data from the highly decentralized institutional setup in Sweden where approval of wind power applications is delegated to local governments. I demonstrate that the approval...

In contrast to principal-agency theory, the possibility of the political control of the bureaucracy depends on bureaucratic structure. In this paper, I argue that the functional decentralization of responsibility and authority for policy formulation and implementation involves a net loss of...

The trust-free nature of blockchain-based systems challenges the role of traditional platform providers and enables the creation of new, intermediary-free markets. Despite the growing number of such markets, the impact of the blockchain's configuration on market outcomes remains unclear. In this...

This paper empirically studies a decentralized dynamic peer-to-peer matching market. We use data from a leading ride-sharing platform in China to estimate a continuous-time dynamic model of search and match between drivers and passengers. We assess the efficiency of the decentralized market by...

The German support for renewable energies in the electricity sector is based on the feed-in tariff for investors that grants guaranteed revenues for their renewable energy supply. Corresponding to differences of granted tariffs and respective market values, a surcharge on consumption covers...

In river systems, costly upstream pollution abatement creates downstream welfare gains. Absent adequate agreement on how to share the gains, upstream regions lack incentives to reduce pollution levels. We develop a model that makes explicit the impact of water quality on production benefits and...

In river systems, costly upstream pollution abatement creates downstream welfare gains. Absent adequate agreement on how to share the gains, upstream regions lack incentives to reduce pollution levels. We develop a model that makes explicit the impact of water quality on production benefits and...