Several definitions of regulatory risk are known from the literature. From the perspective of regulatory reform it is important to differentiate between the impact of a given regulatory scheme on the firm's risk exposure and the risk arising from discretionary behavior of regulatory agencies....

The aim of this paper is to show that regulatory risk is due to the discretionary behaviour of regulatory agencies, caused by a too extensive regulatory mandate provided by the legislator. The normative point of reference and a behavioural model of regulatory agencies based on the positive...

The aim of this paper is to show that regulatory risk is due to the discretionary behaviour of regulatory agencies, caused by a too extensive regulatory mandate provided by the legislator. The normative point of reference and a behavioural model of regulatory agencies based on the positive...

Abstract: Für die in liberalisierten Netzindustrien aktiven Unternehmen sind Kosteninformationen insbesondere bei Preis- und Investitionsentscheidungen von zentraler Bedeutung. Darüber hinaus interessieren sich in zunehmendem Maße die wirtschaftspolitischen Entscheidungsträger für die...

In the U.S. paying for priority arrangements between Internet access service providers and Internet application providers to favor some traffic over other traffic is considered unreasonable discrimination. In Europe the focus is on minimum traffic quality requirements. It can be shown that...