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Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...
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firms as well as the impact of different regulatory schemes -- incentive vs. cost-based regulation -- on CEO monetary … schemes, our results show that pay-performance sensitivity is significantly higher for firms under incentive regulation than … within firms under cost-based regulation. This result holds after controlling for firm -- private vs. state -- ownership and …
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Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...
Persistent link: https://www.econbiz.de/10012468221
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