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

No Thumbnail Available
Files
There are no files associated with this item.
Date
2014
Authors
Wölfing, Nikolas M.
Editors
Contact
Journal ISSN
Electronic ISSN
ISBN
Bibliographical data
Publisher
Series
URI (citable link)
DOI (citable link)
ArXiv-ID
International patent number
Link to the license
oops
EU project number
Project
Open Access publication
Restricted until
Title in another language
Research Projects
Organizational Units
Journal Issue
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.
Summary in another language
Subject (DDC)
330 Economics
Keywords
Conference
Review
undefined / . - undefined, undefined. - (undefined; undefined)
Cite This
ISO 690MOKINSKI, 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>
Internal note
xmlui.Submission.submit.DescribeStep.inputForms.label.kops_note_fromSubmitter
Contact
URL of original publication
Test date of URL
Examination date of dissertation
Method of financing
Comment on publication
Alliance license
Corresponding Authors der Uni Konstanz vorhanden
International Co-Authors
Bibliography of Konstanz
Refereed