Die Vereinten Nationen haben das Jahr 2008 zum Internationalen Jahr der Sanitärversorgung ausgerufen. Der Weltwassertag am 22. März erhält damit eine besondere Bedeutung - nicht zuletzt, weil eines der zentralen Millenniumsziele der Vereinten Nationen verfehlt zu werden droht. Das Ziel, die...

This paper analyzes a modified yardstick competition mechanism (MYC), where the yardstick employed consists of a tariff basket and total costs. This mechanism has a significant information advantage: the regulator ”only” needs to observe total costs and output of all firms. The modified...

This paper analyzes a modified yardstick competition mechanism (MYC), where the yardstick employed consists of a tariff basket and total costs. This mechanism has a significant information advantage: the regulator "only" needs to observe total costs and output of all firms. The modified...

In the course of the deregulation of the telecommunication and energy sector new price regulation mechanisms were introduced to cap the access price to the respective transportation grid. While products and services are supplied under competitive market conditions the transportation girds...

This papers studies the effects on service quality and consumer surplus of a minimum price which is fixed by a bureaucratic non-monopolistic professional association. It shows that the price set by a Niskanen-type professional assocation will maximize consumer surplus only if consumers demand...

This paper models some reductions in output that may follow the opening of electricity markets to competition. Specifically, we show that vertical separation of electricity generation, transmission and distribution could reduce welfare compared to the previous system of vertically integrated...