Performance-based regulation (PBR) is influenced by the Bayesian and non-Bayesian incentive mechanisms. While Bayesian incentives are impractical, the insights from their properties can be combined with practical non-Bayesian mechanisms for application to transmission pricing. This combination...

Electricity transmission has become the pivotal industry segment for electricity restructuring. Yet, little is known about the shape of transmission cost functions. Reasons for this can be a lack of consensus about the definition of transmission output and the complexitity of the relationship...

In order to analyse the role of competition in the post-trade markets a normative network economic analysis of securities business is provided. The theory of monopolistic bottlenecks constitutes the theoretical reference point for this analysis in order to identify stable network specific market...

Der Aufsatz ist wie folgt aufgebaut. In Abschnitt 2 wird zunächst die Theorie der angreifbaren Märkte kurz skizziert. Es folgt in Abschnitt 3 eine kurze Darstellung der Theorie der monopolistischen Bottlenecks und deren Zusammenhang mit dem Konzept der wesentlichen Einrichtung (essential...

In this paper we compare the privatisation and deregulation experience of German railroads with the telecommunications sector. In section 2 the period of nationalisation, legal entry barriers and self-regulation for the German railroad and the telecommunications sector is characterized. Section...

In this paper, historical functionalities of the traditional Internet are contrasted with today's Internet functionalities of the smart Internet architecture. It is shown that network neutrality regulation prohibiting congestion management and traffic quality differentiation is contrary to...

The aim of this paper is to show that regulatory risk is due to the discretionary behaviour of regulatory agencies, caused by a too extensive regulatory mandate provided by the legislator. The normative point of reference and a behavioural model of regulatory agencies based on the positive...

In the EU telecommunications regulatory framework a strong intention to avoid overregulation with respect to new markets can be observed. However, a clear-cut economically based analysis of the remaining need for sector-specific regu-lation is still missing. In this paper, the question is...

Funktionsfähiger Wettbewerb auf den europäischen Transportmärkten erfordert den diskriminierungsfreien Zugang zu den Verkehrsinfrastrukturen für sämtliche aktiven und potenziellen Anbieter von Transportleistungen. Neben der Bedingung der Diskriminierungsfreiheit gilt es aber gleichzeitig...

Funktionsfähiger Wettbewerb auf den europäischen Transportmärkten erfordert den diskriminierungsfreien Zugang zu den Verkehrsinfrastrukturen für sämtliche aktiven und potenziellen Anbieter von Transportleistungen. Neben der Bedingung der Diskriminierungsfreiheit gilt es aber gleichzeitig,...