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The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our … supply. Overall, we have two main conclusions. First, the major step in the unbundling process is from "lean legal unbundling …" to "fat legal unbundling"; additional steps beyond that are small, both in benefits and in costs. Second, the benefits of …
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The degree of liberalization in OECD electricity markets varies considerably across countries. Commonly explained by diverging economic performances, corruption levels or government ideologies, this paper suggest another potential reason for cross-national differences in market reforms: given...
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