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We compare the welfare effects of different regulation schemes of electricity distribution utilities. The compared … regulation schemes are fixed price regulation, cost of service regulation, menu of cost-contingent contracts and simple menus of …. Our basic result is that welfare can be improved by changing the cost of service regulation scheme to the menu of …
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improvement of environmental conditions without governmental regulation in Germany. This is done by modelling different strategic …
Persistent link: https://www.econbiz.de/10011589477
This paper studies situations where a single buyer with uncertain demand wishes to buy from a small number of suppliers. In this setting it is well understood that supply function bidding results in the product not being produced at the lowest cost, that is, in the loss of production efficiency....
Persistent link: https://www.econbiz.de/10014177774
improvement of environmental conditions without governmental regulation in Germany. This is done by modelling different strategic …
Persistent link: https://www.econbiz.de/10014088739
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