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On Distributive Effects of Optimal Regulation for Power Grid Expansion
Herrera, Luis Ángel; Rosellón, Juan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
To date, the distributive implications of incentive regulation on electricity transmission networks have not been … efficiency under price-cap regulation have not yet been identified. To discern these parameters is the motivation for the … price-cap incentive regulation for electricity transmission. We find that a regulator's use of ideal (Laspeyres) weights …
Persistent link: https://www.econbiz.de/10011185762
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New Networks, Competition and Regulation
Baake, Pio; Kamecke, Ulrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
structure with one firm choosing higher investments. While access regulation imposed on the dominant firm leads to lower prices … network effects leading to potentially increased demand, regulation can substantially lower aggregate social welfare …
Persistent link: https://www.econbiz.de/10004963931
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Collusive Effects of a Monopolist's Use of an Intermediary to Deliver to Retailers
Teichmann, Isabel; Schlippenbach, Vanessa von - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
A manufacturer contracting secretly with several downstream competitors faces an opportunism problem, preventing it from exerting its market power. In an infinitely repeated game, the opportunism problem can be relaxed. We show that the upstream firm's market power can be restored even further...
Persistent link: https://www.econbiz.de/10011122315
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Supplier Fixed Costs and Retail Market Monopolization
Caprice, Stéphane; Schlippenbach, Vanessa von; Wey, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
Considering a vertical structure with perfectly competitive upstream firms that deliver a homogenous good to a differentiated retail duopoly, we show that upstream fixed costs may help to monopolize the downstream market. We find that downstream prices increase in upstream firms' fixed costs...
Persistent link: https://www.econbiz.de/10010891249
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Access Price Regulation and Price Discrimination in Intermediate Goods Markets
Salim, Claudia - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007
access price. It turns out that this form of regulation may prevent foreclosure even though allowing for price discrimination …
Persistent link: https://www.econbiz.de/10004963906
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Accidents, Liability Obligations and Monopolized Markets for Spare Parts: Profits and Social Welfare
Baake, Pio - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the markets for their spare parts. We show that monopolized markets for spare parts lead to higher overall expenditures for consumers. Furthermore, while the manufacturers invest...
Persistent link: https://www.econbiz.de/10005068786
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A Profit-Maximizing Approach for Transmission Expansion Planning Using a Revenue-Cap Incentive Mechanism
Hesamzadeh, Mohammad Reza; Rosellón, Juan; Gabriel, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …
Persistent link: https://www.econbiz.de/10011255282
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Transmission Investment in the Peruvian Electricity Market: Theory and Applications
Ruiz, Erix; Rosellón, Juan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This research presents an application of the Hogan, Rosellón and Vogelsang (2010) (HRV) mechanism to promote electricity transmission network expansion in the Peruvian electricity transmission system known as SEIN (Sistema Eléctrico Interconectado Nacional). The HRV mechanism combines the...
Persistent link: https://www.econbiz.de/10009367487
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Two Price Zones for the German Electricity Market: Market Implications and Distributional Effects
Egerer, Jonas; Weibezahn, Jens; Hermann, Hauke - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
We discuss the implications of two price zones, i.e. one northern and southern bidding area, on the German electricity market. In the northern zone, continuous capacity additions with low variable costs cause large regional supply surpluses in the market dispatch while conventional capacity...
Persistent link: https://www.econbiz.de/10011168911
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Impact of Renewable Energy Act Reform on Wind Project Finance
Tisdale, Matthew; Grau, Thilo; Neuhoff, Karsten - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
The 2014 reform of the German Renewable Energy Act introduces a mandatory shift from a fixed feed-in tariff to a floating premium system. This is envisaged to create additional incentives for project developers, but also impacts revenues and costs for new investments in wind generation. Thus...
Persistent link: https://www.econbiz.de/10010896182