Quotation 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.


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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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Publication's profile

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)
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