The Netherlands Authority for Consumers & Markets (ACM) organised a conference on “Impact Assessment of Interventions of Competition and Consumer Authorities”, to pay tribute to the ten-year anniversary of the ACM’s (former NMa’s) Chief Economist Office. The conference took place in Amsterdam on November 16, 2016.
This document is the presentation of Carlo Cambini (Politecnico di Torino) from the session “Telecom and Energy Regulation”. In many interventions the focus is on prices. However, interventions can also have an effect on the incentives to invest. Carlo Cambini presents results of his studies on the effect of the introduction of an independent regulator and the introduction of more output-based incentive regulation.
The discussion of this presentation is from Michiel Bijlsma (CPB).