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


Mokinski, Frieder ; Wölfing, Nikolas



DOI: https://doi.org/10.1007/s11149-013-9233-8
URL: https://link.springer.com/article/10.1007/s11149-0...
Document Type: Article
Year of publication: 2014
The title of a journal, publication series: Journal of Regulatory Economics
Volume: 45
Issue number: 2
Page range: 175-193
Place of publication: Norwell, Mass. [u.a.]
Publishing house: Springer
ISSN: 0922-680X , 1573-0468
Publication language: English
Institution: Business School > Managerial Accounting (Juniorprofessur) (Wölfing 2019-)
Subject: 330 Economics
333.7 Natural resources, energy and environment
Classification: JEL: L4 , L94 , Q41 , Q52,
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.

Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation.




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Mokinski, Frieder ; Wölfing, Nikolas (2014) The effect of regulatory scrutiny: Asymmetric cost pass-through in power wholesale and its end. Journal of Regulatory Economics Norwell, Mass. [u.a.] 45 2 175-193 [Article]


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