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Incentive regulation : evidence from German electricity networks
Hellwig, Michael; Schober, Dominik; Cabral, Luís M. B. - 2018
quartile of the efficiency distribution, a pattern which is consistent with the pooling of types under the threat of ratcheting. …
Persistent link: https://www.econbiz.de/10011795225
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Incentive regulation : evidence from German electricity networks
Hellwig, Michael; Schober, Dominik; Cabral, Luís M. B. - 2019 - This version: January 29, 2019
significant (about 10% of total cost) for firms in the upper quartile of the efficiency distribution, a pattern which is …
Persistent link: https://www.econbiz.de/10011971656
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Incentive Regulation : Evidence From German Electricity Networks
Hellwig, Michael - 2019
quartile of the efficiency distribution, a pattern which is consistent with the pooling of types under the threat of ratcheting …
Persistent link: https://www.econbiz.de/10012899944
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Uncertainty and Regulatory Outcome in the Swedish Electricity Distribution Sector
Söderberg, Magnus - 2007
Regulatory agencies are potentially influenced by market characteristics and underlying incentives and use simplifying decision rules. When decision uncertainty increases, it is hypothesised that these influences become more apparent. This study investigates civil cases initiated by dissatisfied...
Persistent link: https://www.econbiz.de/10012728965
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Uncertainty and Regulatory Outcome in the Swedish Electricity Distribution Sector
Söderberg, Magnus - 2007
Regulatory agencies are potentially influenced by market characteristics and underlying incentives and use simplifying decision rules. When decision uncertainty increases, it is hypothesised that these influences become more apparent. This study investigates civil cases initiated by dissatisfied...
Persistent link: https://www.econbiz.de/10014221412
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Investment coordination in network industries : the case of electricity grid and electricity generation
Höffler, Felix; Wambach, Achim - 2013
Liberalization of network industries frequently separates the network from the other parts of the industry. This is important in particular for the electricity industry where private firms invest into generation facilities, while network investments usually are controlled by regulators. We...
Persistent link: https://www.econbiz.de/10010190802
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A simple regulatory incentive mechanism applied to electricity transmission pricing and investment
Hesamzadeh, Mohammad Reza; Rosellón, Juan; Gabriel, … - 2017
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective function into the firm’s profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes,the other based on constraints/ price caps. In spite...
Persistent link: https://www.econbiz.de/10011746784
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A Simple Regulatory Incentive Mechanism Applied to Electricity Transmission Pricing and Investment
Hesamzadeh, Mohammad Reza - 2018
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective function into the firm's profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes, the other based on constraints/price caps. In spite of a...
Persistent link: https://www.econbiz.de/10012932120
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Effects of privatization on price and labor efficiency : the Swedish electricity distribution sector
Lundin, Erik - 2016
effects on price and labor efficiency. In comparison to their synthetic counterparts, I find that the acquired networks … increased labor efficiency by on average 18 percent, while no effect is found on the price. Thus, the evidence suggests … substantial efficiency gains but that these are not fed through to consumer prices. Since each acquisition involved several …
Persistent link: https://www.econbiz.de/10011561082
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Effects of Privatization on Price and Labor Efficiency : The Swedish Electricity Distribution Sector
Lundin, Erik - 2017
effects on price and labor efficiency. In comparison to their synthetic counterparts, I find that the acquired networks … increased labor efficiency by on average 18 percent, while no effect is found on price. Thus, the evidence suggests substantial … efficiency gains but that these are not fed through to consumer prices. I also find evidence that efficiency gains are due to …
Persistent link: https://www.econbiz.de/10012941136