Szücs, Florian, Duso, Tomaso, Seldeslachts, Jo. 2019. The Impact of Competition Policy Enforcement on the Functioning of EU Energy Markets. Energy Journal. 40 (5), 97-120.
BibTeX
Abstract
We investigate the impact of competition policy enforcement on the functioning of European energy markets while accounting for sectoral regulation. For this purpose, we compile a novel dataset on the European Commission’s (EC) and EU member states’ competition policy decisions in energy markets and combine it with firm- and sector-level data. We find that EC merger policy has a positive and robust impact on (i) the level of competition, (ii) investment and (iii) productivity. This impact, however, only shows up in low-regulated sectors. Other competition policy tools—EC state aid control and anti-trust, as well as all member state policy variables—do not have a uniform effect on energy markets. Our findings are consistent with the idea that the EC’s merger policy actions have been used to overcome obstacles to a well-functioning EU energy sector and may have contributed to the overall development of gas and electricity markets in Europe.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | Energy Journal |
Citation Index | SSCI |
WU-Journal-Rating new | VW-C, WH-B |
Language | English |
Title | The Impact of Competition Policy Enforcement on the Functioning of EU Energy Markets |
Volume | 40 |
Number | 5 |
Year | 2019 |
Page from | 97 |
Page to | 120 |
Reviewed? | Y |
DOI | na |
Open Access | N |
Associations
- People
- Szücs, Florian (Details)
- External
- Duso, Tomaso (DIW, Germany)
- Seldeslachts, Jo (DIW, Germany)
- Organization
- Department of Economics DP (Details)