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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 …
Persistent link: https://www.econbiz.de/10014470709
an FDR market featuring either (i) both DSO and aggregators; or (ii) a monopoly aggregator also supplying generation to … the real-time market. The paper also characterizes a regulation that implements the efficient outcome. …
Persistent link: https://www.econbiz.de/10012264082
good or service. Even if these firms are monopoly or oligopolies in their fields with huge economic rents, if they pass …
Persistent link: https://www.econbiz.de/10012804859
likely are entry restrictions, whereas a greater relevance of firms makes a monopoly more probable. The nature of entry …
Persistent link: https://www.econbiz.de/10013257050
Persistent link: https://www.econbiz.de/10002221124
) monopoly thesis. Recently, however, a trend towards deregulation of such industries has been observed. This trend started with …
Persistent link: https://www.econbiz.de/10003285766
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10011373911
This study investigates how credit to firms responds to an energy price shock by comparing the credit growth of similar firms with different energy intensities before and after the shock triggered by the Russian invasion of Ukraine. Credit growth of energy-intensive firms declined by 8.75...
Persistent link: https://www.econbiz.de/10015395941
Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries … and has been implemented in many jurisdictions. The idea of separating the network, as the natural monopoly, from … able to identify heterogeneous effects of legal unbundling for different types of price regulation, because we observe a …
Persistent link: https://www.econbiz.de/10011932606
social costs of asset stranding. Under revenue cap regulation, increased cost recovery and higher tariffs may prompt … into mitigating stranded costs while managing household defection impacts in countries with revenue cap regulation and …
Persistent link: https://www.econbiz.de/10015331247