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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
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
Persistent link: https://www.econbiz.de/10008647741
Persistent link: https://www.econbiz.de/10009618960
high-quality information about the company. Using the words of Warren Buffett, the chairman and CEO of Berkshire Hathaway … the importance of quality information to their investors, especially in dual-class structures. But do dual-class companies … really provide investors with credible financial information? Contrary to the assumption of agency theory that dual …
Persistent link: https://www.econbiz.de/10013403571
The question non longer is if more competition should be introduced in the German water and sewerage sector. The issue rather is what kind of competition ought to be implemented. There are mainly three different approaches: Competition in the Market; Competition for the Market and the...
Persistent link: https://www.econbiz.de/10001906894
Persistent link: https://www.econbiz.de/10002074791
With Germany’s nuclear phase-out, 23 reactors need to be dismantled in the near future. Initiated by the dire financial situation of the affected utilities in 2014, a major discourse on ensuring financial liability led to a redistribution of liabilities and finances, with the utilities...
Persistent link: https://www.econbiz.de/10014108907
This paper uses the 2004 amendment to the German Trade and Crafts Code as a natural experiment for assessing the causal effects of this reform on the probabilities of being self-employed and of transition into and out of self-employment. This is achieved by using repeated cross-sections...
Persistent link: https://www.econbiz.de/10013239458