This paper provides a framework that aims at distinguishing the technological economies of vertical integration from the vertical economies resulting from market imperfections. To illustrate our analyze, we use consistent panel data econometric methods to estimate cost functions on a sample of...

Mit mehr als 6 000 Versorgungsunternehmen ist die Trinkwasserversorgung in Deutschland stark fragmentiert. Hierdurch stellen sich Fragen nach möglichen Kostenvorteilen einer Konsolidierung des Sektors und daraus resultierenden Preissenkungsmöglichkeiten für die VerbraucherInnen. In diesem...

Potable water supply in Germany is highly fragmented. A consolidation of the industry could, therefore, lead to lower cost of water supply and price savings for the customers. In this paper we estimate a total cost function for potable water supply based on a unique sample of German water...

The efficient operation of sewerage services is impacted by various factors such as geographical and topographical conditions, diversity of vertical and horizontal organizational structure, ownership types, and level of public-private partnership. The Ministry of Land, Infrastructure, Transport...

The financing of infrastructures is a major topic in recent energy policy debates. Project finance, as a specialized form of debt finance, thereby has become a well-established financing tool. This paper contributes a qualitative and quantitative analysis of the determinants of the debt ratio in...

The German potable water supply industry is regarded as being highly fragmented, thus inhibiting high potentials for efficiency improvements through consolidation. Focusing on a hypothetical restructuring of the industry, we apply Data Envelopment Analysis (DEA) to analyze the potential...

The German potable water supply industry is regarded highly fragmented, thus preventing efficiency improvements that could happen through consolidation. Focusing on a hypothetical restructuring of the industry, we use a cross-section sample of 364 German water utilities in 2006, applying Data...

The German potable water supply industry is regarded as being highly fragmented, thus inhibiting high potentials for efficiency improvements through consolidation. Focusing on a hypothetical restructuring of the industry, we apply Data Envelopment Analysis (DEA) to analyze the potential...

Mit mehr als 6 000 Versorgungsunternehmen ist die Trinkwasserversorgung in Deutschland stark fragmentiert. Hierdurch stellen sich Fragen nach möglichen Kostenvorteilen einer Konsolidierung des Sektors und daraus resultierenden Preissenkungsmöglichkeiten für die VerbraucherInnen. In diesem...

The German potable water supply industry is regarded highly fragmented, thus preventing efficiency improvements that could happen through consolidation. Focusing on a hypothetical restructuring of the industry, we use a cross-section sample of 364 German water utilities in 2006, applying Data...