CGE models are usually used for policy analysis. The conventional CGE models use CES function because of being a convenience for modeling. Moreover, some of the CGE models use a multi-CES function to model the multi-layered production process. These multi-layered CES functions are frequently...

Dieser Beitrag gibt einen Überblick über die Debatte zur vertikalen Entflechtung der Stromwirtschaft in Europa. Zunächst wird die Entwicklung der EU Politik im Hinblick auf die vertikale Struktur in der Stromwirtschaft nachgezeichnet. Dann werden die theoretischen und empirischen Argumente...

Liberalization of electricity industry has as its basic objective an increasing of efficiency. The investment decision in new generation capacity is especially relevant because the electricity supply is indispensable due to its utilization in the majority of the productive processes. In this...