regulation and trade under imperfect competition. Ulph's model focused on the effectiveness of harmonisation policies against … ecological dumping. It turned out that harmonised policies are rarely optimal under perfect information, but some rationale for … issues rests in their importance for the environmental regulation of the European electricity sector, where imperfect …

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. …

; cost uncertainty ; Cournot competition ; First Best ; Second Best ; capacity obligations ; spot market regulation. …

; competition policy ; market regulation …

Traditionally, European energy market regulation has dealt with electricity and gas from a market-oriented perspective … of this contribution’s scope. The content of EU energy market regulation initially focused on the transition from public …