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differences in termination regulation and retail pricing models and one may wonder why this occurred and whether either of the …
Persistent link: https://www.econbiz.de/10010851429
It is well-understood that the success of liberalizing the electricity supply industry depends crucially on the quality and design of the regulatory and institutional framework. This paper analyses the regulatory arrangements that underpin the work of the Australian Energy Regulator (AER). These...
Persistent link: https://www.econbiz.de/10010906544
We study the impact of central clearing of over-the-counter (OTC) transactions on counterparty exposures in a market with OTC transactions across several asset classes with heterogeneous characteristics. The impact of introducing a central counterparty (CCP) on expected interdealer exposure is...
Persistent link: https://www.econbiz.de/10011015730
empirically analyze the effect of ownership unbundling of gas transmission networks, considered to be the strongest form of … years, allowing us to avoid the endogeneity problem and to estimate the long-run effects of regulation. We introduce a set … of regulatory indicators as market entry regulation, ownership structure, vertical separation and market structure, as …
Persistent link: https://www.econbiz.de/10010959314
, assets and costs and contrast this with the assumptions implicit or explicit in current economic network regulation. The … regulation between a distribution system operator (DSO) and a potential investor-generation. The results from the model confirm … the hypothesis that network regulation should find a focal point, should integrate externalities in the performance …
Persistent link: https://www.econbiz.de/10010927726
In this paper, we study how access pricing affects network competition when subscription demand is elastic and each network uses non-linear prices and can apply termination-based price discrimination. In the case of a fixed per minute termination charge, we find that a reduction of the...
Persistent link: https://www.econbiz.de/10005082670
In this paper, we study how access pricing affects network competition when subscription demand is elastic and each network uses non-linear prices and can apply termination-based price discrimination. In the case of a fixed per minute termination charge, we find that a reduction of the...
Persistent link: https://www.econbiz.de/10005015542