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evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more …The European Commission is introducing new regulations on submission and publication of data in electricity markets … information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising …
Persistent link: https://www.econbiz.de/10009745912
We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show theoretically, and estimate empirically, that German electricity distribution system operators (DSOs) incur higher costs when subject to a lower powered regulation mechanism. The...
Persistent link: https://www.econbiz.de/10012899944
inputs. The regulator is able to observe the effectiveness of the provision, but faces information asymmetries with respect … input (sophisticated grid operation) and related costs are not. Multi-dimensional information asymmetries are introduced by …
Persistent link: https://www.econbiz.de/10011442703
We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show theoretically, and estimate empirically, that German electricity distribution system operators (DSOs) pile up more costs in the year used to determine future prices when subject...
Persistent link: https://www.econbiz.de/10011971656
We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show theoretically, and estimate empirically, that German electricity distribution system operators (DSOs) incur higher costs when subject to a lower-powered regulation mechanism. The...
Persistent link: https://www.econbiz.de/10011795225
-sulfur coal rather than install capital-intensive abatement equipment to comply with environmental regulations, and expand imports … asymmetric information between generators and regulators, regulatory capture, and capital-bias as important sources of distortion …
Persistent link: https://www.econbiz.de/10014153006
We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities regularly ignore firm-specific characteristics, such as size or asset ages, implying different risk exposure in incentive regulation. In contrast, it is common to apply only a single...
Persistent link: https://www.econbiz.de/10010234037
examine the effect of regulations on market power. The dataset is comprehensive and consists of all significant regulations at …'s Q, lower productivity and investment after the late 1990s. We estimate that increased regulations can explain 31-37% of … regulations in general, they push for the passage of regulations that have an adverse impact on small firms. …
Persistent link: https://www.econbiz.de/10013555705
Persistent link: https://www.econbiz.de/10010195413
Persistent link: https://www.econbiz.de/10011802675