Thema Wettbewerb und Regulierung

Is Russian Gas Still Needed in the European Union? Model-Based Analysis of Long-Term Scenarios

Aligned with the war in Ukraine, Russia has significantly withheld natural gas exports to Europe since 2021. As there are no EU-wide sanctions on imports of Russian natural gas, the Ukraine transit as well as imports via Turkey and LNG have remained active during 2022–24. However, the Russian-Ukrainian transit agreement expires at the end of 2024 and discussions about new sanctions on natural gas as ...

Facts and Fiction in the Draghi Report

This article, part of our special On-Topic series on "A New Agenda for Growth: The Draghi Report and Competition Policy,"discusses the Draghi report’s assessment of European telecom markets, questioning its claims of underperformance and its recommendations for increased consolidation. It argues that easing merger control could harm competition and investment while highlighting positive proposals, ...

Ein Fünf-Punkte-Plan für die neue Bundesregierung

The Impact of Governmental Regulations on Housing Market: Findings of a Meta-Study of Empirical Literature

Housing markets are affected by a large variety of factors. Among them, governmental regulations play an important role. Besides desired effects, all these policies exert a number of side effects, some of which can even offset the desired effects. In addition, different policies can cancel out each other. Therefore, it is important to be aware of the effects of individual policies and the composite ...

Trumps Zollpolitik: Was eskalierende Handelskonflikte mit den USA für EU-Exporteure und Lieferketten bedeuten

Die USA haben in ihrer Handelspolitik eine deutliche Abkehr vom Multilateralismus vollzogen. Neue, weitreichende Zölle stellen eine ernsthafte Bedrohung für die globalen Lieferketten dar. Da die USA nach wie vor der größte Warenexportmarkt der Europäischen Union (EU) sind, haben diese Maßnahmen erhebliche Auswirkungen auf die EU-Staaten. Die Exporte in die USA hängen in hohem Maße von einer kleinen ...

Trump’s Tariffs: What Escalating Trade Tensions with the US Imply for EU Exporters and Supply Chains

US trade policy has taken a sharp turn away from multilateralism, with sweeping new tariffs posing a serious threat to global supply chains. As the US remains the EU’s largest export market for goods, these measures carry significant repercussions for the bloc. Exports to the US are heavily reliant on a small number of companies and high-value business relationships—making the EU particularly vulnerable ...

Geld ausgeben? Ja, aber im Wettbewerb: Kommentar

On Strategic Behavior in Electricity Markets during the 2022 Energy Crisis: An Ex-post Analysis for the German Power Sector

During the 2022 energy crisis, electricity prices across Europe have risen to unprecedented heights. In a case study for Germany, this work investigates to which extent price spikes can be attributed to changes in upstream commodity prices, and to which degree strategic behavior by generators may have contributed to the situation. Electricity markets are more prone to the effects of such behavior if ...

Trade Effects of Direct and Indirect Carbon Pricing Policies

This study examines how policies affecting the cost of using fossil fuels in production influence comparative advantage in the industrial sector. Firstly, we use a fixed-effects gravity model to estimate the export capabilities that determine comparative advantage. Subsequently, using data on direct (carbon taxes, ETS permit prices) and indirect (fossil fuel excise taxes and subsidies) carbon pricing ...

Ensuring Low-Emission Electricity Purchasing Requires a Broader Systems Perspective

Introducing electricity purchase conditions in renewable fuel regulations and carbon accounting is a controversial issue in the US and Europe. We argue that their impact must be assessed considering demand flexibility, local grid conditions, and overlapping policy instruments such as emissions trading schemes and renewable portfolio standards. The introduction of more stringent requirements has a significant ...