The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …-line) depreciation given heterogeneous investment and cost cycles will cause instantaneous yardstick levels below the long …

In the context of yardstick regulation with long-lived assets, the influence of investment cycles and thereof resulting … heterogeneous capital structures on the ability to recover capital is quite important. Investment decisions are based on whole … investment cycles of the infrastructure. It is shown in this article that variable lifetimes of assets may cause substantial …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …-line) depreciation-given heterogeneous investment and cost cycles will cause instantaneous yardstick levels below the long …

In the context of yardstick regulation with long-lived assets, the influence of investment cycles and thereof resulting … heterogeneous capital structures on the ability to recover capital is quite important. Investment decisions are based on whole … investment cycles of the infrastructure. It is shown in this article that variable lifetimes of assets may cause substantial …

traditions and is shown to apply well to electricity transmission pricing and investment. In particular, it induces immediately … optimal pricing/investment but is not based on subsidies. In the transmission application, the H-RG-V approach is based on a …The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective …

investment. For the first case, we find that even absent asymmetric information, a lack of regulatory commitment can cause …