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Why Germany's Gas Price Brake Encourages Moral Hazard and Raises Gas Prices

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  • Dertwinkel-Kalt, Markus
  • Wey, Christian

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  • Dertwinkel-Kalt, Markus & Wey, Christian, 2023. "Why Germany's Gas Price Brake Encourages Moral Hazard and Raises Gas Prices," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277575, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc23:277575
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    1. Viscusi, W. Kip & Harrington, Joseph E. , Jr. & Sappington, David E. M., 2018. "Economics of Regulation and Antitrust, fifth edition," MIT Press Books, The MIT Press, edition 5, volume 1, number 0262038064, December.
    2. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick, 2022. "What if? The economic effects for Germany of a stop of energy imports from Russia," SciencePo Working papers Main hal-03881469, HAL.
    3. Dertwinkel-Kalt, Markus & Köster, Mats & Peiseler, Florian, 2019. "Attention-driven demand for bonus contracts," European Economic Review, Elsevier, vol. 115(C), pages 1-24.
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    5. Feldhaus, Christoph & Lingens, Jörg & Löschel, Andreas & Zunker, Gerald, 2022. "Encouraging consumer activity through automatic switching of the electricity contract - A field experiment," Energy Policy, Elsevier, vol. 164(C).
    6. Peter C. Reiss & Matthew W. White, 2008. "What changes energy consumption? Prices and public pressures," RAND Journal of Economics, RAND Corporation, vol. 39(3), pages 636-663, September.
    7. Kruse-Andersen, Peter K., 2023. "Climate policy in the shadow of national security," Economics Letters, Elsevier, vol. 222(C).
    8. Atayev, Atabek & Hillenbrand, Adrian, 2022. "Price subsidies may impair competition in retail market for natural gas," ZEW policy briefs 6/2022, ZEW - Leibniz Centre for European Economic Research.
    9. Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, December.
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    More about this item

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

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