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I analyze the ability of capacity payment mechanisms to alleviate underinvestment in electricity generation capacity. I derive the optimal capacity payment parameters under two capacity payment mechanisms, when capacity demand is price-elastic and when it is price-inelastic. Price-elastic...
Persistent link: https://www.econbiz.de/10011267841
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications …' investments; and endogenous regulation. We find access regulation to negatively affect both total industry and individual carrier …
Persistent link: https://www.econbiz.de/10003922795
conceptual framework that can be used to evaluate the effect of particular rules and regulation on the construction of advanced …
Persistent link: https://www.econbiz.de/10014050795
This paper investigates the interaction between corruption and infrastructure policy reforms.  I construct a simple model to illustrate how both an incerase in regulatory autonomy and privatisation may influence the effect of corruption.  This interaction is then analysed empirically using a...
Persistent link: https://www.econbiz.de/10009318140
ensure a level playing-field for innovative services in smart grids and consider implications for research and regulation …. -- Regulation ; Smart Grid ; Smart Meter ; Antitrust …
Persistent link: https://www.econbiz.de/10009375075
with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …
Persistent link: https://www.econbiz.de/10010519927
'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 … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10011373911
We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities … regulation. In contrast, it is common to apply only a single benchmark, the weighted average cost of capital (WACC), uniformly to ….0 percentage points depending on the size of the firm (in the range of 3% to 40% of total cost of capital). Regulation of …
Persistent link: https://www.econbiz.de/10010234037
The capacity of the transmission network determines the extent of integration of a multi-national energy market. Cross-border externalities render coordination of network capacity valuable. Is it then optimal to collect powers in the hands of a single regulator? Should a common system operator...
Persistent link: https://www.econbiz.de/10013069265
The choice of whether to regulate firms or to allow them to compete is key. If the demand is sufficiently inelastic, competition entails narrower allocative inefficiencies but, also, smaller expected profits and, thus, weaker incentives to invest in cost reduction. Hence, deregulation should be...
Persistent link: https://www.econbiz.de/10012906047