Abstract:Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries and has been implemented in many jurisdictions. The idea of separating the network, as the natural monopoly, from downstream retailing, which may be exposed to competition, is still subject to contentious debate. This is because there is much empirical evidence that unbundling eliminates economies of vertical integration while empirical evidence on price reducing effects is still lacking. In thi… Show more
“…The work offers an alternative approach to handle heterogeneity and allow for benchmarking in the case of multiple outputs, ensuring that regulators decisions are also informed by incentive compatible benchmarking tools. • Heim et al (2020) review aspects of the industrial organization of electricity distribution, and the unbundling of vertically integrated utilities. The empirical work in this study focuses on a panel of data of German distribution system operators (DSOs).…”
Section: • Holmberg and Ritz (2020) Turn Attention Towards Capacity M...mentioning
“…The work offers an alternative approach to handle heterogeneity and allow for benchmarking in the case of multiple outputs, ensuring that regulators decisions are also informed by incentive compatible benchmarking tools. • Heim et al (2020) review aspects of the industrial organization of electricity distribution, and the unbundling of vertically integrated utilities. The empirical work in this study focuses on a panel of data of German distribution system operators (DSOs).…”
Section: • Holmberg and Ritz (2020) Turn Attention Towards Capacity M...mentioning
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