Regulierung vertikal strukturierter Industrien: Eine Analyse der Stromwirtschaftschaft auf Grundlage der neuen Institutionenökonomik
AbstractThis paper deals with the efficiency characteristics of alternative regulatory policies in the electricity sector. The analysis begins with the presentation of the analytical concept of the ?regulatory contract, which is based on the New Institutional Economics. The main part of the paper deals with the regulatory implications of the technical characteristics of the electricity supply industry. Firstly, it analyses optimal rules for regulating the price-level and the pricestructure. Secondly, the consequences of asymmetric information between Regulator and regulated firms are scrutinised. These informational asymmetries are of particular importance in the case of vertically integrated electricity companies. Several measures to improve the informational Situation of the regulator are discussed. The paper concludes with a summary of the main results.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 874.
Date of creation: 1998
Date of revision:
Find related papers by JEL classification:
- H4 - Public Economics - - Publicly Provided Goods
- L4 - Industrial Organization - - Antitrust Issues and Policies
- L5 - Industrial Organization - - Regulation and Industrial Policy
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Oliver E. Williamson, 1976. "Franchise Bidding for Natural Monopolies -- in General and with Respect to CATV," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 73-104, Spring.
- Wu, Felix, et al, 1996. "Folk Theorems on Transmission Access: Proofs and Counterexamples," Journal of Regulatory Economics, Springer, vol. 10(1), pages 5-23, July.
- Vickers, John, 1995. "Competition and Regulation in Vertically Related Markets," Review of Economic Studies, Wiley Blackwell, vol. 62(1), pages 1-17, January.
- Robert Wilson, 1997. "Implementation of Priority Insurance in Power Exchange Markets," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 111-123.
- Daniel F. Spulber, 1989. "Regulation and Markets," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262192756, December.
- Asher Wolinsky, 1994.
"Regulation of Duopoly: Managed Competition vs. Regulated Monopolies,"
1116, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Asher Wolinsky, 1997. "Regulation of Duopoly: Managed Competition vs Regulated Monopolies," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 6(4), pages 821-847, December.
- Spiller, Pablo T, 1996. "Institutions and Commitment," Industrial and Corporate Change, Oxford University Press, vol. 5(2), pages 421-52.
- Lars Kumkar, 1999. "Zur zukünftigen Regulierungspolitik für die deutsche Stromwirtschaft," Kiel Working Papers 929, Kiel Institute for the World Economy.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dieter Stribny).
If references are entirely missing, you can add them using this form.