pronounced effects of regulations occur when a regulation is passed and when compliance dates arrive. Our results imply that the …

with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …

The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective …

The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective …

costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in …. A connected set of price caps exists so that a hybrid regulation consisting of any element in this set and the cost …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …

more specific but still general incentive regulation literature. An exception has been Vogelsang (2001), who postulated … the incentive-regulation hypothesis (regulatory approach). An independent system operator (ISO) could handle the actual … dispatch and operational pricing. The transmission firm is regulated through benchmark or price regulation to provide long …

more specific but still general incentive regulation literature. An exception has been Vogelsang (2001), who postulated … the incentive-regulation hypothesis (regulatory approach). An independent system operator (ISO) could handle the actual … dispatch and operational pricing. The transmission firm is regulated through benchmark or price regulation to provide long …

settings. We find that incentive regulation may perform better than cost-based regulation but only when appropriate weights are …. Thus, our analysis provides motivation for further research in order to characterize optimal regulation for transmission …

dynamic generation settings. Through application in a stylized two-node network, we find that incentive regulation may perform … motivates further research aimed to characterize optimal regulation for transmission expansion in the context of renewable …