Essays on the Unbundling of Electricity Networks in the Eu an the USA: Theory and Empirics
dizertační práce (OBHÁJENO)
Zobrazit/ otevřít
Trvalý odkaz
http://hdl.handle.net/20.500.11956/21554Identifikátory
SIS: 79300
Kolekce
- Kvalifikační práce [17642]
Autor
Vedoucí práce
Oponent práce
Leautier, Thomas-Olivier
Kmenta, Jan
Fakulta / součást
Fakulta sociálních věd
Obor
Ekonomie
Katedra / ústav / klinika
CERGE
Datum obhajoby
4. 6. 2009
Nakladatel
Univerzita Karlova, Fakulta sociálních vědJazyk
Angličtina
Známka
Prospěl/a
Silvester van Koten Essays on the unbundling of electricity networks in the EU and the USA: Theory and Empirics Abstrakt v českém jazyce - dokument nenalezen
This Ph.D. dissertation focuses on a central question about regulation in the EU and US electricity markets: the effects of vertical integration of generation and transmission and distribution networks. I focus on the forms of vertical integration where the generation and network firms are partly separated, such as in a legal or organizational form. Such form of separation is called unbundling. In the first two papers, I develop theoretical models to analyze the economic effects of vertical integration under legal unbundling (firms are legally separated entities and have the same owner) relative to ownership unbundling (firms are legally separated entities and have different owners). Both papers have policy implications for the regulation of the EU and US electricity markets, and make new contributions to auction theory, especially toehold auctions. In the first paper I consider the legal unbundling of the network activities; in the second paper I consider the legal unbundling of both the network activities and the generation activity. In both papers I find theoretical evidence that, in terms of efficiency, legal unbundling gives results inferior to ownership unbundling. Furthermore, I find solutions for several cases of toehold auctions that have not been solved before and that I believe to be interesting....