The European gas market reform triggered new market designs which aimed to achieve competitive natural gas prices, efficiency gains, and security of gas supply. The paper analyses to what extent the effects of regulation-for-competition in the field of gas transport and related commodity...

In recent years, the European Union has discussed several possibilities concerning the unbundling of vertically integrated companies. Most of the scientific literature on this topic deals with unbundling from the perspective of social welfare or regulatory economics, but does not analyze the...

The transition towards a more sustainable energy supply system causes changes in the supply and demand of energy and requires more flexible and efficient operation of the electricity distribution grids. It calls for smart grids with embedded intelligent control to incorporate electricity storage...

Further unbundling measures are currently implemented in the European energy markets. One option is the "deep independent system operator" (deep-ISO). An ISO splits the system operator from transmission ownership, which can remain integrated with generation assets, if so desired. This...

Airports have different characteristics to the network utilities, such as energy and water networks, and yet have historically been regulated using regulatory approaches originally designed for these natural monopoly businesses. However, airports can - and do - compete with each other and,...

Even though the electricity retail markets have been liberalised for several years now, there is still a distinct lack of competition. The recent developments in the field of Smart Metering and a Smart Grid infrastructure, however, offer new opportunities to remedy this shortcoming. Therefore,...

This contribution addresses the impact of cognitive radio on the regime of radio spectrum governance. To avoid harmful interference the current paradigm of spectrum governance uses the principle of separation. Thereby each application and user or user group is being assigned a specific part of...

At the heart of the recent financial crisis were subprime mortgages, many of which were revealed to be bad. This paper shows that the opportunity to sell mortgage loans in an opaque securitization market explains subprime loans with a negative expected return when held to maturity. The paper...

Whereas it is obvious that the failure process can vary from one firm to another (Argenti, 1976; D’Aveni, 1989; Laitinen, 1991), to date few researchers have worked on the detection of different explanatory failure patterns. In addition, none of the reviewed research really focuses on small firms...