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)....

Im Jahr 2009 veröffentlichte die EU Kommission eine neue weitreichende Empfehlung (2009/396/EG) bezüglich der Regulierung der Festnetz- und Mobilfunk- Terminierungsentgelte in der Europäischen Union. Wesentliche Unterschiede zur bisherigen Praxis in Deutschland, die auf dem sog....

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...