Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and mitigate market power abuse in real time. The performance of automated mitigation procedures is contingent on precise estimates of firms' marginal production costs. Currently, marginal...

Während die meisten Netzsektoren wie etwa der Telekommunikations- oder der Flugsektor längst wettbewerblich organisiert sind, verbleibt der Trinkwassersektor in den meisten Ländern als letzte Bastion vertikal integrierter Versorgungsmonopole.Die Arbeit untersucht unter konsequenter Anwendung...

The internet giants - Facebook, Amazon, Netflix and Google, among others - have transformed society with both positive and negative effects. The negative effects have been stark. There have been huge disruptions caused by e-commerce. More recently, subtler, but even more serious negative effects...