Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/103341 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Bremen Energy Working Papers No. 09
Verlag: 
Jacobs University Bremen, Bremer Energie Institut, Bremen
Zusammenfassung: 
This paper contributes a theoretical analysis of the effects of different types of regulation on the timing of monopoly investment in a setting with lumpy investment outlays. Concentrating on the case where investment increases the regulatory asset base, we distinguish between price-based regulation and cost-based regulation. Under cost-based regulation, investment triggers a change of regulated prices, whereas, under price-based regulation, investment does not affect them. To motivate investment, we focus on wear and tear leading to replacement investment and on demand growth resulting in expansion investment. Our main conclusion is that cost-based regulation accelerates investment compared to price-based regulation.
Schlagwörter: 
Cost-based regulation
Expansion investment
Investment timing
Monopoly
Price-based regulation
Replacement investment
JEL: 
D42
G00
L51
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
313.08 kB





Publikationen in EconStor sind urheberrechtlich geschützt.