EU competition policy enforcement supports investment in the energy sectors

Artikel

Energy sectors-primarily power generation and gas production, but also energy transmission and distribution-require significant capital investment in infrastructure. Market structures as well as the degree of competition and regulation are key factors that determine firms' incentive to invest. Yet the empirical research on the link between these factors and private investment is still quite scarce, especially in the energy sectors. In this study, we empirically examine whether competition policy enforcement and regulatory intervention in European gas and electricity markets affects firms' incentive to invest. Our findings show that EU merger policy enforcement is significantly related to a higher investment in low-regulated markets.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: DIW Economic Bulletin ; ISSN: 2192-7219 ; Volume: 6 ; Year: 2016 ; Issue: 15 ; Pages: 173-181 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)

Classification and Topics

• Classification: Wirtschaft ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity ; Industry Studies: Utilities and Transportation: Government Policy
• Subject: Investment ; Energy ; Competition ; Competition Policy ; Regulation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Duso, Tomaso ; Seldeslachts, Jo ; Szücs, Florian
• Event: Veröffentlichung
• (who): Deutsches Institut für Wirtschaftsforschung (DIW)
• (where): Berlin
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/130720
• Last update: 10.03.2025, 11:43 AM CET