Hellwig, Michael
[Verfasser:in]
;
Schober, Dominik
[Sonstige Person, Familie und Körperschaft];
Cabral, Luis M. B.
[Sonstige Person, Familie und Körperschaft]
Erschienen in:ZEW - Centre for European Economic Research Discussion Paper ; No. 18-010
Umfang:
1 Online-Ressource (63 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.3128752
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 1, 2018 erstellt
Beschreibung:
We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show theoretically, and estimate empirically, that German electricity distribution system operators (DSOs) incur higher costs when subject to a lower powered regulation mechanism. The difference is particularly significant (about 7%) for firms in the upper quartile of the efficiency distribution, a pattern which is consistent with the pooling of types under the threat of ratcheting