In this study, we address a major problem in the measurement of firm performance and the regulation of natural monopolies, namely the intertemporal character of long-term investment decisions. In specific, we focus on the impact of adjustment costs of investments on estimates of firms' technical...

We examine the effect of energy prices and technological knowledge on innovation in green energy technologies. In doing so, we consider both demand-pull effects, which induce innovative activity by increasing the expected value of innovations, and technology-push effects, which drive innovative...

The German Energiewende’s potential effects on the reliability of electricity supply as well as the corresponding economic consequences have recently entered both the political and scientific debate. However, empirical evidence of power outage costs in Germany is rather scarce. Following a...

Several countries around the world have introduced reforms to the electric power sector. One important element of these reforms is the introduction of an unbundling process, i.e., the separation of the competitive activities of supply and production from the monopole activity of transmission and...

Das Jahr 2021 hat in Deutschland neuen Schwung in die Bemühungen zum Klimaschutz gebracht. Die Novelle des Klimaschutzgesetzes schreibt eine Reduktion der Treibhausgasemissionen um 65 % bis zum Jahr 2030 gegenüber 1990 fest. Maßgeblich dazu beitragen soll ein massiver Ausbau der...