The determinants of incentive regulation are a key issue in industrial policy. I study an asymmetric information model of incentive rules selection by a political principal endowed with an information-gathering technology whose efficiency increases with the effort exerted by two accountable...

Die Zukunft des Autoverkehrs und alternative Antriebsmöglichkeiten stehen im Mittelpunkt des materialreichen Buchs eines Verfahrenswissenschaftlers und eines Journalisten. Das ist nicht erst seit der Krise der Autoindustrie ein wichtiges Thema, zu dem auch der bekannte Verkehrswissenschaftler...

From the Publisher: What's the solution to the world's growing energy problem? PERFECT POWER. Electric usage is rising. Fuel costs are rocketing. Blackouts are happening more frequently. Why? Because our electrical power system-built on a vast network of resources including nuclear energy,...

As with other commodities, electricity is often traded on both forward and spot markets. This was initially true in the restructured California electricity industry from 1998 to 2000. Though the power traded in the forward and spot markets was for delivery at the same times and locations, prices...