Divestiture as an Instrument of a Pro-Active Competition Policy: Conceptual Issues and Lessons from International Experiences
Christian Von Hirschhausen
German Institute for Economic Research (DIW Berlin) - Department of International Economics
affiliation not provided to SSRN
WWZ, Wirtschaftswissenschaftliche Fakultät der Universität Basel
Electricity Journal, Vol. 22, No. 3, pp. 57-69, 2009
Given insufficiently competitive wholesale electricity markets in Germany there is an ongoing discussion about the appropriate instruments of a pro-active competition policy. This study analyzes horizontal divestiture form an economic perspective. We discuss the conceptual justification of divestiture and report on selected empirical evidence on divestiture.
Number of Pages in PDF File: 56
Keywords: electricity, divestiture
JEL Classification: L94
Date posted: May 26, 2008 ; Last revised: September 9, 2009
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