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Persistent link: https://www.econbiz.de/10013489380
We study the regulation of a monopolistic firm that provides a non-marketed output based on multiple substitutable … costs. For this novel setting, we investigate the theoretically optimal Bayesian regulation mechanism. We find that the … non-Bayesian regulation can indeed get close to the second best of the Bayesian menu of contracts regulation. …
Persistent link: https://www.econbiz.de/10011442703
A cooperative game theoretic framework is introduced to study the behavior of cooperating and competing electrical energy providers considering price-preference rational consumers. We analyze the interactions of generators in an idealized environment described by a DC load flow model where the...
Persistent link: https://www.econbiz.de/10009719691
regulation and trade under imperfect competition. Ulph's model focused on the effectiveness of harmonisation policies against … issues rests in their importance for the environmental regulation of the European electricity sector, where imperfect …
Persistent link: https://www.econbiz.de/10014172904
We argue that information asymmetries between regulators and firms increase the administrative decision costs of initiating new policies due to the costs of satisfying evidentiary or “burden of proof” requirements. We further contend that regulators with better information about regulated...
Persistent link: https://www.econbiz.de/10014201122
Persistent link: https://www.econbiz.de/10011994057
In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …
Persistent link: https://www.econbiz.de/10011334114
In the context of yardstick regulation with long-lived assets, the influence of investment cycles and thereof resulting … problems of capital-recovery under an efficient firm standard yardstick regulation based on historic (straight …
Persistent link: https://www.econbiz.de/10010433591
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