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data from the European natural gas market by comparing the bi-level price-cap model with a base case, a no-regulation case …
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Yemen is planning to export gas through Yemen Liquefied Natural Gas (YLNG) starting from 2009. Yemen is also aiming to develop the domestic gas market, in particular gas-to-power. Liquefied Natural Gas (LNG) export revenue and domestic gas sales are expected to partially offset the decline in...
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that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … to suboptimal incentives. When a regulated firm compares the marginal change in its cost norm with its marginal cost of …
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institutional moral hazard in a multi-tiered UI system, and give examples of monitoring methods and incentives to ameliorate such …
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