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economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … competencies for the regulation of the European network industries. …
Persistent link: https://www.econbiz.de/10011491086
U.S. network industry reforms led other countries in the past, but have recently run into difficulties in specific areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the California disaster. Part of the explanation for these...
Persistent link: https://www.econbiz.de/10011402612
Like other network industries, the European gas supply industry has been liberalised, along the lines of what has been done in the United Kingdom and the United States, by opening up to competition the upstream and downstream segments of essential transmission infrastructure. The aim of this...
Persistent link: https://www.econbiz.de/10011610385
infrastructure investments beyond the level achieved by access regulation and they seem to facilitate tacit price collusion. On the …
Persistent link: https://www.econbiz.de/10010309719
U.S. network industry reforms led other countries in the past, but have recently run into difficulties in specific areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the California disaster. Part of the explanation for these...
Persistent link: https://www.econbiz.de/10010315985
the same time, we model an incumbent's decision problem under a threat of regulation in a game-theoretical context. The … decision whether to invest or not depends on the probability of regulation and its assumed impact on investment returns … best set. This price is below a non-regulated profit maximising price, since the incumbent tries to circumvent regulation …
Persistent link: https://www.econbiz.de/10010263483
economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … competencies for the regulation of the European network industries. …
Persistent link: https://www.econbiz.de/10010265451
-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …
Persistent link: https://www.econbiz.de/10010273816
Cost-based pricing has dominated the regulatory regime of network industries - and first of all, the regulation of the … opening and liberalization in these industries; it abolished industry regulation in several segments of the market of network … industries. Now it applies so-called cost-based pricing in areas where regulation is still in place. CEE countries now use the …
Persistent link: https://www.econbiz.de/10010307308
-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …
Persistent link: https://www.econbiz.de/10009477393