plans to implement revenue cap regulation together with yardstick competition. Revenue cap regulation could bear the ratchet … ; regulation …

specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …'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 …