, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New … specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues - the European policy …

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 …

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 …

downstream firms. Legal unbundling means that a downstream firm owns the upstream firm but this upstream firm is legally … under quite general conditions legal unbundling yields (weakly) higher quantities in the downstream market than vertical … separation and integration. Therefore, typically consumer surplus will be largest under legal unbundling. Outcomes under legal …

suggests that consumers may benefit most from legal unbundling with strong regulation and parts of ownership given to a … several downstream firms. Under legal unbundling the bottleneck must be operated by a legally independent upstream firm, which … firm can perform non-tariff discrimination. Under perfect legal unbundling the upstream firm maximizes only own profits …

This paper explores the relation between the regulation of monopolistic upstream prices and the incentives of a …

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 …