The German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP)....

Increasing horizontal as well as vertical transparency in oligopolistic markets can be advantageous for consumers, due to reduced search costs. However, market transparency can also affect incentives to deviate from collusive agreements and the punishment by rival firms in the market. Using a...

Abstract: Die deutsche Telekommunikationspolitik hat in den letzten 15 Jahren vor allem durch angebotsseitige De- und Re-Regulierung viel erreicht: Drastisch sinkende Preise, zusätzliche Auswahl für Verbraucher, abnehmende Marktkonzentrationen, innovative Dienste und neue Netze kennzeichnen...