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)....

ch. 1. Controversies surrounding regulatory impact analysis / Winston Harrington, Lisa Heinzerling, and Richard D. Morgenstern -- ch. 2. The Clean Air Interstate rule / Richard D. Morgenstern -- ch. 3. The technocratic and democratic functions of the CAIR regulatory analysis / Nathaniel O....

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...