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Motivated by recent interventions by the states of New Jersey and Maryland and the introduction of PJM’s Minimum Offer Price Rule (MOPR) for capacity markets, we analyze the impact of subsidized government investments in electrical generation on electricity markets. We extend the model of...
Persistent link: https://www.econbiz.de/10014164478
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated firms respond to this increase in uncertainty by...
Persistent link: https://www.econbiz.de/10013030481
coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2 …
Persistent link: https://www.econbiz.de/10010423547
Accounting for network operators' heterogeneity is of crucial importance for regulators. In contrast to observed heterogeneity, the consideration of unobserved differences is far more challenging. Most estimation models try to account for unobserved factors that impact the network operators'...
Persistent link: https://www.econbiz.de/10012628860
effect of electricity sector regulation on sustainable sector outcomes. The paper in this context empirically examines … whether electricity sector regulation influences the sectoral outcomes at the state level. For analytical purposes, the … present study considers a sample of 12 Indian states (provinces). While it captures electricity sector regulation by …
Persistent link: https://www.econbiz.de/10012137051
policy debate on interconnector expansion and studies two particular points. First, the effects of network regulation on the …
Persistent link: https://www.econbiz.de/10011797725
incentive regulation and efficiency benchmarking in electricity distribution industries and provides valuable insights for …
Persistent link: https://www.econbiz.de/10012423420
costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in …. A connected set of price caps exists so that a hybrid regulation consisting of any element in this set and the cost …
Persistent link: https://www.econbiz.de/10014470709
Persistent link: https://www.econbiz.de/10011699727
sector in 38 countries for the period 1977-97 shows that regulation is a crucial institutional variable in privatisation. Not …
Persistent link: https://www.econbiz.de/10011608438