This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … account key institutional features of EU public utilities, such as: a) regulation by agencies with various degrees of … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA …

capacity and welfare by fitting it to the data of the German electricity market. -- Investment incentives ; demand uncertainty … ; cost uncertainty ; Cournot competition ; First Best ; Second Best ; capacity obligations ; spot market regulation. …

quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than … market can sometimes improve incentives. With suitable non-linear access prices investment incentives under separation become … identical to those under integration. -- investment incentives ; networks ; quality ; vertical externality …

quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than … market can sometimes improve incentives. With suitable non-linear access prices investment incentives under separation become …