The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our … supply. Overall, we have two main conclusions. First, the major step in the unbundling process is from "lean legal unbundling …" to "fat legal unbundling"; additional steps beyond that are small, both in benefits and in costs. Second, the benefits of …

This paper explores the relation between the regulation of monopolistic upstream prices and the incentives of a …

subject to a lower-powered regulation mechanism. The difference is particularly significant (about 7%) for firms in the upper …

used to determine future prices when subject to a lower-powered regulation mechanism. The difference is particularly …

subject to a lower powered regulation mechanism. The difference is particularly significant (about 7%) for firms in the upper …