DSM shareholder incentives: recent designs and economic theory
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Cites background from "DSM shareholder incentives: recent ..."
...The economic and regulatory implications of this kind of complex environments have been analysed for different fields of the energy sector, in particular regarding energy efficiency programmes (Abrardi and Cambini, 2015; Eto et al., 1998; Hannon et al., 2013)....
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...If the regulator has perfect information about stakeholders’ costs and benefits, the task of regulation design becomes easy, but this is not common in existing markets (Eto et al., 1998; Stoft and Gilbert, 1994) and even less in brand new environments as electro-mobility is....
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References
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"DSM shareholder incentives: recent ..." refers methods in this paper
...The economic theory of incentives has been developed using the principal-agent model (see, for example, Laffont and Tirole, 1993)....
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Additional excerpts
...8 See, for example, Ottinger et al. (1990)....
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247 citations
"DSM shareholder incentives: recent ..." refers background or methods in this paper
...Markups can be appropriate when the regulator is able to make an unbiased estimate of the net benefits of certain DSM programs, but is unable to verify the esti- 9 See, for example, Herman (1994), Braithwait and Caves (1994), and Hobbs (1991)....
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...15 See Train (1991), for a good discussion of the Averch-Johnson effect....
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...2 See Eto et al. (1997) for a discussion of decoupling....
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...1 See also Nadel and Jordan (1992) for additional approaches to examining the relationship between shareholder incentives and various measures of DSM program size....
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...8 See, for example, Ottinger et al. (1990)....
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