capacity and welfare by fitting it to the data of the German electricity market. -- Investment incentives ; demand uncertainty … ; cost uncertainty ; Cournot competition ; First Best ; Second Best ; capacity obligations ; spot market regulation. …

This paper analyses how different types of access regulation to next generation networks affect investments and … consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The … access price is a function of investment costs and the regulatory regime. A regime with fully distributed costs or a …

paper we have accentuated the importance of quality regulation, which is a rather neglected field in the theory of … mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated … regulator must be extremely well-informed if he wants to apply this sort of regulation: except for the actual realizations of a …