Zeitschrift für Energiewirtschaft

, Volume 35, Issue 3, pp 159–171 | Cite as

Regulierung, Effizienz und das Anreizdilemma bei Investitionen in intelligente Netze

  • Christine Müller
  • Christian Growitsch
  • Matthias Wissner
Article
First Online:

Zusammenfassung

In diesem Artikel untersuchen wir aus theoretischer Sicht, inwiefern kosten- und anreizbasierte Regulierungsregime Investitionen incentivieren. Außerdem werden diese Regulierungsregime im Hinblick auf unterschiedliche Effizienzziele (allokative, produktive und dynamische Effizienz) betrachtet. Schließlich beleuchten wir, inwiefern vor dem Hintergrund Smart Grids Netzinnovationen durch ein bestimmtes Regulierungsregime stimuliert werden können und ob hierdurch auch dynamische Effizienzziele erreicht werden.

Schlüsselwörter

Investitionen Regulierung Smart Grids Dynamische Effizienz 

Regulation, efficiency and the incentive dilemma with investments in intelligent networks

Abstract

In this paper, we survey from a theoretical point of view to what extend cost-based and incentive-based regulatory regimes stimulate investments. For the purpose of this analysis, we furthermore differentiate by different efficiency measures, i.e. allocative efficiency, productive efficiency and dynamic efficiency and analyse to what extend each efficiency measure is stimulated by the regulatory regime. Eventually, we analyse to what extend regulatory incentives for network innovation in a smart grid context exist and to what extend different forms of regulation stimulate dynamic efficiency.

This is a preview of subscription content, log in to check access.

Literatur

  1. Armstrong M, Sappington DEM (2007) Recent developments in the theory of regulation. In: Armstrong M, Porter R (Hrsg) Handbook of industrial organization, Bd 4. Elsevier, Amsterdam Google Scholar
  2. Armstrong M, Sappington DEM (2006) Regulation, competition and liberalisation. J Econ Lit 44(2):325–366 CrossRefGoogle Scholar
  3. Averch H, Johnson LL (1962) Behavior of the firm under regulatory constraint. Am Econ Rev 52(5):1052–1069 Google Scholar
  4. Baake P, Kameke U, Wey C (2005) A regulatory framework for new and emerging markets. Commun Stratégies 60:123–146 Google Scholar
  5. Bailey EE (1974) Innovation and regulation. J Public Econ 3:285–295 Google Scholar
  6. Bauknecht D (2010) Incentive Regulation and Network Innovations. Arbeitspaket 3 im Rahmen des Projektes Innovative Regulierung für intelligente Netze (IRIN) Google Scholar
  7. Biglaiser G, Riordan M (2000) Dynamics of price regulation. Rand J Econ 31(4):744–767 CrossRefGoogle Scholar
  8. Bourreau M, Dogan P (2001) Regulation and innovation in the telecommunications industry. Telecommun Policy 25:167–184 CrossRefGoogle Scholar
  9. Brunekreeft G, Knieps G (Hrsg) (2000) Zwischen Regulierung und Wettbewerb, Netzsektoren in Deutschland. Physika-Verlag, Heidelberg Google Scholar
  10. Brunekreeft G, Borrmann J (2010) The effect of monopoly regulation on the timing of investment. Bremen energy working papers 01. Bremen, January 2010 Google Scholar
  11. Cabral L, Riordan M (1989) Incentives for cost reduction under price cap regulation. J Regul Econ 1:93–102 CrossRefGoogle Scholar
  12. Cambini C, Jiang Y (2009) Broadband investment and regulation: A literature review. Telecommun Policy 33:559–574 CrossRefGoogle Scholar
  13. Chong E, Huet F (2006) Yardstick Competition, franchise bidding and collusive incentives. Paper anlässlich der Conference on Applied Infrastructure Research 2005, Berlin Google Scholar
  14. Clemenz G (1991) Optimal price-cap regulation. J Ind Econ 39(4):391–408 CrossRefGoogle Scholar
  15. Cohen W (1995) Empirical studies of innovative activity. In: Stoneman P (Hrsg) Handbook of the economics of innovation and technological change. Blackwell, Oxford, S 182–264 Google Scholar
  16. Cohen WM, Levinthal DA (1989) Innovation and learning: The two faces of R & D. Econ J (Lond) 99:569–596 Google Scholar
  17. Dewenter R, Haucap J, Heimeshoff U (2007) Regulatorische Risiken in Telekommunikationsmärkten aus institutionenökonomischer Perspektive. Diskussionspapier Nr 64, Helmut-Schmidt-Universität. Universität der Bundeswehr, Fachgruppe Volkswirtschaftslehre, September 2007 Google Scholar
  18. Dixit AK, Pindyck RS (1994) Investment under uncertainty. Princeton University Press, Princeton Google Scholar
  19. Dobbs IM (2004) Replacement investment: optimal economic life under uncertainty. J Bus Finance Account 31:729–757 CrossRefGoogle Scholar
  20. Egert B (2009) Infrastructure investment in network industries: The role of incentive regulation and regulatory independence. CESifo working paper No 2642, Category 11: Industrial organisation, May 2009 Google Scholar
  21. Farsi M, Fetz A, Filippini M (2007) Benchmarking and regulation in the electricity distribution sector. In: CEPE working paper series Google Scholar
  22. Freixas X, Guesnerie R, Tirole J (1985) Planning under incomplete information and the Ratchet effect. Rev Econ Stud 52(2):173–191 MATHCrossRefGoogle Scholar
  23. Fritsch M, Wein T, Ewers HJ (2001) Marktversagen und Wirtschaftspolitik, 4. Aufl, Vahlens Handbücher der Wirtschaftspolitik. Vahlen Verlag, München Google Scholar
  24. Guthrie G (2006) Regulating infrastructure: the impact on risk and investment. J Econ Lit 44(4):925–972 CrossRefGoogle Scholar
  25. Haupt U, Kinnunen K, Pfaffenberger W (2002) Anwendung der Vergleichsmarktanalyse auf die Netzentgelte in der Stromwirtschaft. Studie des Bremer Energieinstitut. Bremen 2002 Google Scholar
  26. Hense A, Schäffner D (2004) Regulatorische Aufgaben im Energiebereich – ein europäischer Vergleich. Wissenschaftliches Institut für Kommunikationsdienste, Diskussionsbeitrag Nr 254. Bad Honnef 2004 Google Scholar
  27. Jamasb T, Pollitt M (2003) International benchmarking and regulation: an application to European electricity distribution utilities. Energy Policy 31(15):1609–1622 CrossRefGoogle Scholar
  28. Joskow PI (2008) Incentive regulation and its application to electricity networks. Rev Network Econom 7(4):547–560 Google Scholar
  29. Knieps G (2005) Wettbewerbsökonomie, 2. Aufl. Springer, Berlin Google Scholar
  30. Leibenstein H (1966) Allocative efficiency vs. “X-efficiency”. Am Econ Rev 56(3):392–415 Google Scholar
  31. Littlechild S (1983) Report to the secretary of state of industry regulation of British telecommunication. London Google Scholar
  32. Lyon TP, Huang H (1995) Asymmetric regulation and incentives for innovation. Ind Corp Change 4(4):769–776 CrossRefGoogle Scholar
  33. Magat W (1976) Regulation and the rate and direction of induced technical change. Bell J Econ 7(2):478–496 CrossRefGoogle Scholar
  34. Müller C, Growitsch C, Wissner M (2010) Regulierung und Investitionsanreize in der ökonomischen Theorie. IRIN Working Paper im Rahmen des Arbeitspakets: Smart Grid-gerechte Weiterentwicklung der Anreizregulierung, WIK Diskussionsbeitrag Nr 349. Bad Honnef, Dezember 2010 Google Scholar
  35. Nagel T, Rammerstorfer M (2008) Price cap regulation and investment behavior – how real options can explain underinvestment. J Energy Markets 1(4) Google Scholar
  36. Newbery DM (2000) Privatization, restructuring, and regulation of network utilities. The Walras-Pareto lectures at the ecole des hautes etudes commerciales. Université de Lausanne, Massachusetts Institute of Technology, 2000 Google Scholar
  37. PriceWaterhouseCoopers (2009) Investeringen in energienetwerken onder druk? Een beoorde-ling van het reguleringskader. Studie für die Nederlandse Mededingsautoriteit, Energie-kamer, Oktober 2009 Google Scholar
  38. Rickmann N, Levine P (2003) Price regulation, investment and the commitment problem, discussion papers in economics, DP 06/03. University of Surrey Guildford, United Kingdom Google Scholar
  39. Roques F, Savva N (2009) Investment under uncertainty with price ceilings in oligopolies. J Econ Dyn Control 33(2):507–524 MathSciNetMATHCrossRefGoogle Scholar
  40. Roques F, Savva N (2006) Price cap regulation and investment incentives under demand uncertainty. Cambridge working papers in economics 0636 Google Scholar
  41. Saphores J-DM, Gravel E, Bernard JT (2004) Regulation and investment under uncertainty: An application to power grid interconnection. J Regul Econ 25(2):169–186 CrossRefGoogle Scholar
  42. Shleifer A (1985) A theory of yardstick competition. Rand J Econ 16(3):319–327 CrossRefGoogle Scholar
  43. Sweeney G (1981) Adoption of cost-saving innovations by a regulated firm. Am Econ Rev 71(3):437–447 Google Scholar

Copyright information

© Vieweg+Teubner 2011

Authors and Affiliations

  • Christine Müller
    • 1
  • Christian Growitsch
    • 2
    • 3
  • Matthias Wissner
    • 1
  1. 1.Abteilung Energiemärkte und EnergieregulierungWissenschaftliches Institut für Infrastruktur und Kommunikationsdienste (WIK)Bad HonnefDeutschland
  2. 2.Energiewirtschaftliches Institut an der Universität zu Köln (ewi)KölnDeutschland
  3. 3.Martin-Luther-Universität Halle-WittenbergHalleDeutschland

Personalised recommendations