, a next-generation access network. Investment decisions are made under uncertainty and have to be made over time. This … papers provides a framework for taking uncertainty, risk aversion, and the timing of investment explicitly into account …

structure in the Eurasian trade of natural gas. Two pipelines, `Nord Stream' and `South Stream', allow Russian gas to bypass … transit countries, Ukraine and Belarus. The third project, `Nabucco', aims at diversifying Europe's gas imports by accessing … the observed investment patterns. Nord Stream's strategic value is huge, easily justifying the high investment cost for …

investment. For the first case, we find that even absent asymmetric information, a lack of regulatory commitment can cause … inefficiently high or inefficiently low investments. For the second case, we develop a standard handicap auction which implements …

intermittent renewable generation. As both the electricity and the natural gas market rely on networks, congestion on one market …Natural gas plays an important role in the future development of electricity markets as it is the least emission … substitutes for one another. The objective of this paper is to develop a dynamic model representation of coupled natural gas and …

suppliers' profits. In the specific setting of this paper, I show that when the competition is perfect, an investment in … transmission capacity between zones (inter Transmission System Operator (TSO) investment) and an investment in production capacity … generate the same equilibrium outcome allocations. In contrast, when the competition is imperfect, an inter TSO investment and …

This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an … option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits … go beyond a given level. It is shown that a pure price cap and profit sharing are identical in their impact on investment …

investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm s value due to profit sharing, linking this reduction to the …

This paper studies the investment decision by a monopolistic internet service provider (ISP) in different regulatory … nondiscrimination regulation that forces the ISP to provide an equal quality upgrade to both CPs, however, can reduce the ISP ….s investment incentive and social welfare. Furthermore, the investment level is higher if the regulated ISP is allowed to charge …