This study analyzes the economic consequences of power rationing at the level of German counties. Based on a common production function approach, it estimates the costs of power outages for firms and households in all counties and uses these estimates to derive hypothetical rationing plans for...

We apply recently proposed individual welfare measures in the context of preference heterogeneity, derived from structural labour supply models. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of...

We analyze the current regulatory regime for electricity transmission in Germany, which combines network planning with both cost-plus and revenue-cap regulations. After reviewing international experiences on transmission investment, we first make a qualitative assessment of the overall German...