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structure with one firm choosing higher investments. While access regulation imposed on the dominant firm leads to lower prices … network effects leading to potentially increased demand, regulation can substantially lower aggregate social welfare …
Persistent link: https://www.econbiz.de/10010260943
, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New … specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues – the European policy …
Persistent link: https://www.econbiz.de/10010283001
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010283608
This paper analyzes the effects of supervisors' (i.e., regulators and judges) selection rules on regulated prices. A checks and balances' regulatory review process strengthens the role of the judicial power and election increases the populism of implicitly motivated supervisors. Election arises...
Persistent link: https://www.econbiz.de/10010312360
productivity e ects of changing industry structure, ownership structure and regulation with respect to barriers to entry and access …
Persistent link: https://www.econbiz.de/10010313365
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10011373911
settings. We find that incentive regulation may perform better than cost-based regulation but only when appropriate weights are …. Thus, our analysis provides motivation for further research in order to characterize optimal regulation for transmission …
Persistent link: https://www.econbiz.de/10011376028
We examine electricity market reform in Brazil: from the 1990s till 2004 the largely hydro-powered market cleared using a market mechanism, and in March 2004 reformed to a single buyer structure. We model monthly log price differences using a two-state Markov Switching model, allowing water...
Persistent link: https://www.econbiz.de/10012059460
with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …
Persistent link: https://www.econbiz.de/10010519927
Despite the positive effect electricity grids separated from generation and supply by ownership are expected to have on the level of competition in the non-network activities, several EU member states still adhere to a solely legally unbundled transmission grid. This choice might be induced by...
Persistent link: https://www.econbiz.de/10010492455