The efficient operation and expansion of infrastructures in developing countries is crucial for
growth and poverty reduction. However, recent reforms aimed at improving the performance …

This paper aims to explore the underlying motivations that drive regulatory measures to
address surging electricity prices. We discuss this question with a systematic review of the …

There is growing empirical evidence of increasing price volatility and price spikes in
electricity markets as a result of variable renewable energy generation, extreme weather …

Abstract Given the ongoing Russian-Ukraine conflict and sanctions against the Russian
Federation, as well as Moscow's responses to these, European policy interventions in …

The purpose of this study was to understand how market design affects market performance
through its impact on investment incentives. For this purpose, we model capacity choices by …

We study the impact of price cap regulation on the level and timing of investment in an
oligopolistic (Cournot) industry facing stochastic demand. We find that a price ceiling affects …

Tariffs or price control has been a controversial subject in recent years. The debate between
legal experts and economists is still a hot topic in any discussion. Tariff control regulated in …

This article contributes to the debate of missing money (compare Joskow (2007a)). This
debate has seriously questioned the desirability of limiting scarcity prices in markets with …

The profitability of a firm is a highly complex concept, as it results from firms' decisions on
investment and production plans, but also from constraints beyond their control (economic …

A known policy dilemma occurs between the need to curb extra-large profits by some
industries, like pharmaceuticals, and the need to ensure the incentive to produce is not …