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Optimal Sliding Scale Regulation: An Application to Regional Electricity Distribution in England and Wales

Hawdon, David; Hunt, Lester; Levine, Paul L; Rickman, Neil - C.E.P.R. Discussion Papers - 2005

This paper examines optimal price (i.e. ‘sliding scale’) regulation of a monopoly when efficiency and managerial effort … are not observed. We show how to operationalize this model of incentive regulation and use actual data from electricity … distribution in England and Wales to make welfare comparisons of sliding scale regulation with a price cap regime and the First …

Persistent link: https://www.econbiz.de/10005792004

Regulatory Benchmarking with Panel Data

Bagdadioglu, Necmiddin; Weyman-Jones, Thomas - School of Business and Economics, Loughborough University - 2007

inefficiency, encapsulating the regulatory dilemma in comparative efficiency analysis for incentive regulation. It applies a …

Persistent link: https://www.econbiz.de/10005423027

Stochastic frontier panel data modelling for regulatory benchmarking: An application to the Turkish electricity distribution sector

BAĞDADİOĞLU, Necmiddin; WEYMAN-JONES, Thomas - In: Iktisat Isletme ve Finans 25 (2010) 297, pp. 97-119

heterogeneity and inefficiency, encapsulating the regulatory dilemma in comparative efficiency analysis for incentive regulation. It … with incentive benchmarking regulation that characterizes the European Union. The results confirm the importance of …

Persistent link: https://www.econbiz.de/10008752895

Optimal sliding scale regulation: An application to regional electricity distribution in England and Wales

Hawdon, David; Hunt, Lester C; Levine, Paul; Rickman, Neil - Surrey Energy Economics Centre (SEEC), School of Economics - 2005

This paper examines optimal price (i.e. ‘sliding scale’) regulation of a monopoly when productivity and managerial … effort are not observed. We show how to operationalise this model of incentive regulation and use actual data from … electricity distribution in England and Wales to make welfare comparisons of sliding scale regulation with a stylised price cap …

Persistent link: https://www.econbiz.de/10005557912

Power system transformation toward renewables : an evaluation of regulatory approaches for network expansion

Egerer, Jonas; Rosellón, Juan; Schill, Wolf-Peter - 2013 - Preprint

settings. We find that incentive regulation may perform better than cost-based regulation but only when appropriate weights are …. Thus, our analysis provides motivation for further research in order to characterize optimal regulation for transmission …

Persistent link: https://www.econbiz.de/10011376028

Power system transformation toward renewables : an evaluation of regulatory approaches for network expansion

Egerer, Jonas; Rosellón, Juan; Schill, Wolf-Peter - 2015 - [aktualisierte Version]

Persistent link: https://www.econbiz.de/10011885485

Mediating Market Power in Electricity Networks

Gilbert, Richard; Neuhoff, Karsten; Newbery, David M. G. - 2013

We ask under what conditions transmission contracts increase or mitigate market power. We show that the allocation process of transmission rights is crucial. In an efficiently arbitraged uniform price auction generators will only obtain contracts that mitigate their market power. However, if...

Persistent link: https://www.econbiz.de/10014073392

Pricing as a risky choice: Uncertainty and survival in a monopoly market

Andersen, Per; Vetter, Henrik - 2015

Roy (Safety First and the Holding of Assets, 1952) argues that decisions under uncertainty motivate firms to avoid bankruptcy. In this paper the authors ask about the behaviour of a monopolist who pre-commits to price when she has only probabilistic knowledge about demand. They argue that...

Persistent link: https://www.econbiz.de/10011306640

Pricing as a risky choice: Uncertainty and survival in a monopoly market

Andersen, Per; Vetter, Henrik - In: Economics: The Open-Access, Open-Assessment E-Journal 9 (2015) 2015-29, pp. 1-22

Roy (Safety First and the Holding of Assets, 1952) argues that decisions under uncertainty motivate firms to avoid bankruptcy. In this paper, the authors ask about the behaviour of a monopolist who pre-commits to price when she has only probabilistic knowledge about demand. They argue that...

Persistent link: https://www.econbiz.de/10011341119

From Mind to Market: A Global, Dynamic Analysis of R&D

Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2011

Existing models of R&D are not easily reconciled with four observable aspects of R&D: initial technologies ('ideas') need to be developed further, only a minority of initial ideas is successfully brought to the market, production and process innovations take place simultaneously (whereby,...

Persistent link: https://www.econbiz.de/10010326184