Natural monopolies are not subject to the market-based principle of competition. Consequently, it is necessary to control companies in such monopoly positions with regard to their pricing. In the future, it will become more and more important to consider a possible change in the regulation...

Electric power and economic development, by B. C. Netschert.--The application of TVA experience to underdeveloped countries, by J. Oliver.--Natural resource problems and TVA, by J. L. Fisher.--The politics of water resource development as exemplified by TVA, by N. Wengert.--Identical pricing and...

The EU-wide Emission Trading Scheme (ETS), established in 2005, is a key pillar of Europe¿s strategy to attain compliance with the Kyoto Protocol. Under this scheme, CO2 allowances have thus far been allocated largely free of charge. This paper demonstrates that such cost-free allocation,...