This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany’s nuclear reactors while...

The picture of electrification across the Asia Pacific Economic Cooperation (APEC) economies is complex. APEC members are in various states of smart grid development, ranging from no activity, conducting demonstrations, and engaging in joint projects with other economies. Each member economy has...

The picture of electrification across the Asia Pacific Economic Cooperation (APEC) economies is complex. APEC members are in various states of smart grid development, ranging from no activity, conducting demonstrations, and engaging in joint projects with other economies. Each member economy has...

This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany’s nuclear reactors while...

This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany's nuclear reactors while...

This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany's nuclear reactors while...

The objective of this paper is to examine some aspects of the planning and pricing practices of the publicly owned electric utilities and to indicate how the economic welfare of the country could be improved through changes in these practices. We shall deal with two related sets of questions....

In the case of a large nuclear set (like the French set), nuclear production needs to be flexible to adjust to the predicted evolutions of the energy demmand. Consequently, the dominant position of nuclear in the national energy mix makes it responsible for the overall equilibrium of the...

This volume was prepared by Rahel Aichele while she was working at the ifo Institute. It was completed in December 2012 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. The chapters investigate how, in a...