Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when regulating natural monopolies. One example is the European energy sector, where benchmarking methods are based on actual cost data, which are influenced by managerial inefficiency...

In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight...

This paper assesses the relative efficiency of knowledge production in the OECD using a nonparametric DEA approach. Resources allocated to R&D are limited and should therefore be used efficiently given the institutional and legal constraints. This paper presents efficiency scores based on an...

Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when regulating natural monopolies. One example is the European energy sector, where benchmarking methods are based on actual cost data, which are influenced by managerial inefficiency...

The effects of the climate crisis are worsening water shortages, not only in the Global South but also in Europe, for example in the Berlin-Brandenburg region. Due to inadequate pricing of surface and groundwater abstraction and a lack of regulatory instruments, water overuse is occurring in...

Die Effekte der Klimakrise verschärfen die Wasserknappheit nicht nur im globalen Süden, sondern auch in unseren Breitengraden, beispielsweise in der Region Berlin-Brandenburg. Wegen unzureichender Bepreisung der Entnahme von Oberflächen- und Grundwasser beziehungsweise mangelnden...

In January 2009 Germany introduced incentive regulation for the electricity distribution sector based on results obtained from econometric and nonparametric benchmarking analysis. One main problem for the regulator in assigning the relative efficiency scores are unobserved firm-specific factors...