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Killing the goose that may have laid the golden egg? The incentives to discriminate and the regulation of access charges in the German electricity supply industry

Author

Listed:
  • Schmidtchen, Dieter
  • Bier, Christoph

Abstract

In dem Paper wird untersucht, wann ein vertikal integrierter Netzbetreiber einen Anreiz hat, durch Fordern hoher Netznutzungsentgelte Wettbewerber vom Strommarkt fernzuhalten (Preisstrukturmißbrauch). Es wird als kontraintuitives Ergebnis abgeleitet, daß ein Kostennachteil des Netzbetreibers diesen nicht zu Abschreckungsmaßnahmen veranlaßt, sondern ihn zur Förderung des Markteintritts eines Rivalen und zum Rückzug aus dem Markt bewegt. Im Falle eines Kostenvorteils des vertikal integrierten Netzbetreibers oder bei Kostengleichheit bestimmt die Preisdynamik im Strommarkt, ob der Netzbetreiber den Marktzutritt abschreckt oder sich aus der Versorgung des Marktes zurückzieht. Das Paper enthält auch eine Wohlfahrtsanalyse der Marktergebnisse ohne und mit Regulierung von Netzzugangsentgelten, und es zeigt, daß eine Regulierung des Netzzutrittsentgelts den Netzbetreiber zur Sabotage (Nicht-Preisdiskriminierung) anregt.

Suggested Citation

  • Schmidtchen, Dieter & Bier, Christoph, 2005. "Killing the goose that may have laid the golden egg? The incentives to discriminate and the regulation of access charges in the German electricity supply industry," CSLE Discussion Paper Series 2005-07, Saarland University, CSLE - Center for the Study of Law and Economics.
  • Handle: RePEc:zbw:csledp:200507
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    File URL: https://www.econstor.eu/bitstream/10419/23078/1/2005-07_goose.pdf
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    References listed on IDEAS

    as
    1. Armstrong, Mark & Doyle, Chris & Vickers, John, 1996. "The Access Pricing Problem: A Synthesis," Journal of Industrial Economics, Wiley Blackwell, vol. 44(2), pages 131-150, June.
    2. Chen, Yongmin, 2001. "On Vertical Mergers and Their Competitive Effects," RAND Journal of Economics, The RAND Corporation, vol. 32(4), pages 667-685, Winter.
    3. Mandy, David M, 2000. "Killing the Goose That May Have Laid the Golden Egg: Only the Data Know Whether Sabotage Pays," Journal of Regulatory Economics, Springer, vol. 17(2), pages 157-172, March.
    4. Laffont, Jean-Jacques & Tirole, Jean, 1996. "Creating Competition through Interconnection: Theory and Practice," Journal of Regulatory Economics, Springer, vol. 10(3), pages 227-256, November.
    5. Weisman, Dennis L & Kang, Jaesung, 2001. "Incentives for Discrimination when Upstream Monopolists Participate in Downstream Markets," Journal of Regulatory Economics, Springer, vol. 20(2), pages 125-139, September.
    6. Stefan Buehler, 2005. "The Promise and Pitfalls of Restructuring Network Industries," German Economic Review, Verein für Socialpolitik, vol. 6(2), pages 205-228, May.
    7. Susanne Bonomo & Massimo Filippini & Peter Zweifel, 1998. "Neue Aufschluesse ueber die Elektrizitaetsnachfrage der schweizerischen Haushalte," SOI - Working Papers 9801, Socioeconomic Institute - University of Zurich.
    8. Song, Jae-Do & Kim, Jae-Cheol, 2001. "Strategic Reaction of Vertically Integrated Firms to Downstream Entry: Deterrence or Accommodation," Journal of Regulatory Economics, Springer, vol. 19(2), pages 183-199, March.
    9. J. Gregory Sidak & William Baumol, 1994. "Toward Competition in Local Telephony," Books, American Enterprise Institute, number 52984.
    10. Silk, Julian I. & Joutz, Frederick L., 1997. "Short and long-run elasticities in US residential electricity demand: a co-integration approach," Energy Economics, Elsevier, vol. 19(4), pages 493-513, October.
    11. Gert Brunekreeft, 2002. "Regulation and Third-Party Discrimination in the German Electricity Supply Industry," European Journal of Law and Economics, Springer, vol. 13(3), pages 203-220, May.
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    More about this item

    Keywords

    discrimination; regulation; vertical integration; electricity; access charges; sabotage;

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts

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