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subject to a lower powered regulation mechanism. The difference is particularly significant (about 7%) for firms in the upper …
Persistent link: https://www.econbiz.de/10012899944
While some countries have unbundled distribution and retailing, skeptics argue that the physical attributes of electricity make retailers redundant. Instead, it is claimed that passive pass through of wholesale prices plus regulate charges for transmission and distribution success for customers...
Persistent link: https://www.econbiz.de/10012975970
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10013013432
-cap incentive regulation, independent regulatory agencies and an emphasis on introducing competition where possible. For each …, and these weaknesses call for a model of regulation designed specifically to address them …
Persistent link: https://www.econbiz.de/10013016493
This paper offers a framework for regulating internalities. Using a simple economic model, we provide four principles for designing and evaluating behaviorally-motivated policy. We then outline rules for determining which contexts reliably reflect true preferences and discuss empirical...
Persistent link: https://www.econbiz.de/10013027352
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective …
Persistent link: https://www.econbiz.de/10012932120
More than twenty years have passed since some states restructured their intra-state electricity markets, opening these former monopoly markets to competition. A number of studies have subsequently examined such restructurings, yet two key characteristics of the extant research create the...
Persistent link: https://www.econbiz.de/10013289269
The feed-in tariff regulation is the wider spread promotion scheme used to encourage the take-up and development of … final consumers. Two components of the electricity retail price are expected to be influenced by feed-in tariff regulation …. In this study we analyze the effects that feed-in tariff regulation has on electricity retail price for industrial …
Persistent link: https://www.econbiz.de/10013033113
Prior research proposes that a monopolist with private information inflates their reported costs under rate regulation …
Persistent link: https://www.econbiz.de/10013212838
the implementation of different regulatory mechanisms (cost plus vs. incentive regulation) and to firm ownership (state vs … to incentive regulation smooth their dividends less than firms subject to cost-based regulation and present higher impact … following the adoption of incentive regulation, they adopt a dividend policy more responsive to earnings variability and more …
Persistent link: https://www.econbiz.de/10013063733