全球智库信息集成服务系统(G2TT): DP13801 Use and Abuse of Regulated Prices in Electricity Markets: "How to Regulate Regulated Prices?"

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP13801
	DP13801 Use and Abuse of Regulated Prices in Electricity Markets: "How to Regulate Regulated Prices?"
	David Martimort; Jerome Pouyet; Carine Staropoli
发表日期	2019-06-14
出版年	2019
语种	英语
摘要	We consider the regulation of the tariffs charged by a public utility in the electricity sector. Consumers differ in terms of their demands which are private information. When regulating the firm's tariffs, the government is concerned by redistribution across consumers classes. A conflict between redistribution and screening induces production distortions even when the firm is a monopoly. Introducing competition with an unregulated fringe may improve efficiency but jeopardizes redistribution. In response, the government may now want to manipulate information about the incumbent's cost so as to restrict entry and better promote its own redistributive objective. To prevent such obstacle to entry, the government's discretion in fixing regulated tariffs of the incumbent should be restricted. This can be done by imposing floors or caps on those tariffs and/or by controlling the market share left to the competitive fringe. We highlight the determinants of such limits on discretion and unveil to what extent they depend on the government's redistributive concerns.
主题	Industrial Organization
关键词	Electricity markets Regulated tariffs Government's redistributive concerns Optimal discretion
URL	https://cepr.org/publications/dp13801
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/542674
推荐引用方式 GB/T 7714	David Martimort,Jerome Pouyet,Carine Staropoli. DP13801 Use and Abuse of Regulated Prices in Electricity Markets: "How to Regulate Regulated Prices?". 2019.