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 investment cycles and thereof resulting … heterogeneous capital structures on the ability to recover capital is quite important. Investment decisions are based on whole …

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 … electricity distribution illustrates the relevance of the problem. Finally, two alternatives, branch average cost yardstick …

incentives to invest in network infrastructure. To this end, we develop a theoretical model explaining investment incentives by …

) in liberalized electricity markets. The basic model analyzes investment decisions of the transmission operator (TO) and … regulatory environment on transmission line expansion (by the regulator) and investment in generation capacity (by private firms … based network tariffs, although investment slightly differs across those regimes. …

) in liberalized electricity markets. The basic model analyzes investment decisions of the transmission operator (TO) and … regulatory environment on transmission line expansion (by the regulator) and investment in generation capacity (by private firms … based network tariffs, although investment slightly differs across those regimes. …