The effect of regulatory scrutiny : Asymmetric cost pass-through in power wholesale and its end

Mokinski, Frieder; Wölfing, Nikolas M.

The effect of regulatory scrutiny : Asymmetric cost pass-through in power wholesale and its end

Files

There are no files associated with this item.

Date

2014

Authors

Mokinski, Frieder

Wölfing, Nikolas M.

DOI (citable link)

10.1007/s11149-013-9233-8

Collections

Wirtschaftswissenschaften

Publication type

Journal article

Publication status

Published

Published in

Journal of Regulatory Economics ; 45 (2014), 2. - pp. 175-193. - ISSN 0922-680X. - eISSN 1573-0468

Abstract

We find an asymmetric pass-through of European emission allowance (EUA) prices to wholesale electricity prices in Germany and show that this asymmetry disappeared in response to a report on investigations by the competition authority. The asymmetric pricing pattern, however, was not detected at the time of the report, nor had it been part of the investigations. Our results therefore provide evidence for the deterring effect of regulatory monitoring on firms which exhibit non-competitive pricing behavior. We do not find any asymmetric pass-through of EUA prices in recent years. Several robustness checks support our results.

Subject (DDC)

330 Economics

Cite This

ISO 690

MOKINSKI, Frieder, Nikolas M. WÖLFING, 2014. The effect of regulatory scrutiny : Asymmetric cost pass-through in power wholesale and its end. In: Journal of Regulatory Economics. 45(2), pp. 175-193. ISSN 0922-680X. eISSN 1573-0468. Available under: doi: 10.1007/s11149-013-9233-8

BibTex

@article{Mokinski2014-04effec-41699,
  year={2014},
  doi={10.1007/s11149-013-9233-8},
  title={The effect of regulatory scrutiny : Asymmetric cost pass-through in power wholesale and its end},
  number={2},
  volume={45},
  issn={0922-680X},
  journal={Journal of Regulatory Economics},
  pages={175--193},
  author={Mokinski, Frieder and Wölfing, Nikolas M.}
}

RDF

<rdf:RDF
    xmlns:dcterms="http://purl.org/dc/terms/"
    xmlns:dc="http://purl.org/dc/elements/1.1/"
    xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
    xmlns:bibo="http://purl.org/ontology/bibo/"
    xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#"
    xmlns:foaf="http://xmlns.com/foaf/0.1/"
    xmlns:void="http://rdfs.org/ns/void#"
    xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > 
  <rdf:Description rdf:about="https://kops.uni-konstanz.de/server/rdf/resource/123456789/41699">
    <bibo:uri rdf:resource="https://kops.uni-konstanz.de/handle/123456789/41699"/>
    <dcterms:issued>2014-04</dcterms:issued>
    <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dcterms:title>The effect of regulatory scrutiny : Asymmetric cost pass-through in power wholesale and its end</dcterms:title>
    <dc:creator>Wölfing, Nikolas M.</dc:creator>
    <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/>
    <dc:contributor>Wölfing, Nikolas M.</dc:contributor>
    <foaf:homepage rdf:resource="http://localhost:8080/"/>
    <dcterms:abstract xml:lang="eng">We find an asymmetric pass-through of European emission allowance (EUA) prices to wholesale electricity prices in Germany and show that this asymmetry disappeared in response to a report on investigations by the competition authority. The asymmetric pricing pattern, however, was not detected at the time of the report, nor had it been part of the investigations. Our results therefore provide evidence for the deterring effect of regulatory monitoring on firms which exhibit non-competitive pricing behavior. We do not find any asymmetric pass-through of EUA prices in recent years. Several robustness checks support our results.</dcterms:abstract>
    <dc:creator>Mokinski, Frieder</dc:creator>
    <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2018-03-06T14:11:00Z</dc:date>
    <dc:language>eng</dc:language>
    <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dc:contributor>Mokinski, Frieder</dc:contributor>
    <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2018-03-06T14:11:00Z</dcterms:available>
  </rdf:Description>
</rdf:RDF>