The following article deals with real options modeling for investing into carbon capture and storage technologies. Herein, we derive two separate models. The first model incorporates a constant convenience yield and dividend for the investment project. In the second model, the convenience yield...

This paper is the first to explicitly test for the presence of a trade-off between static and dynamic efficiency and a trade-off between vertical economies and competition in a regulated industry, the electricity industry. We show for 16 European countries over the period 1998–2008 that higher...

In 2004, European competition law had been faced with considerable changes due to the introduction of the new Council Regulation No. 1/2003. One of the major renewals was the replacement of the centralized notification system for inter-company cooperations in favor of a so-called legal exemption...