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Die Potenziale des Deprival Value-Konzepts zur entscheidungsorientierten Bewertung von Kapital in liberalisierten Netzindustrien

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  • Weiß, Hans-Jörg

Abstract

Die Liberalisierung der Netzindustrien hat das Interesse an den konzeptionellen Grundlagen der Kapitalkostenermittlung wiederbelebt. Im Mittelpunkt dieses Beitrags steht eine dieser Grundlagen: Das Deprival Value-Konzept. Es wird aufgezeigt, dass es sich hierbei um ein ökonomisch fundiertes Bewertungskonzept handelt, das sich sowohl in stationären als auch in nicht-stationären Bewertungskontexten konsistent als Referenzpunkt verwenden lässt. Die Kontextabhängigkeit der Deprival Value-Ermittlung, die in anderen Zusammenhängen als nachteilig erscheinen mag, ist in Netzen ein zentraler Vorteil, denn liberalisierte Netze sind durch eine Vielfalt unterschiedlicher Bewertungskontexte gekennzeichnet. Erschwerend kommt hinzu, dass trotz der Liberalisierung in manchen Netzbereichen wettbewerbliche Marktpreise nur eingeschränkt verfügbar sind. Die Interpretation der Deprival Value-Ermittlung als fiktive Investitionsrechnung macht deutlich, dass die Bewertung von Kapital in Netzen eine unternehmerische Aufgabe ist.

Suggested Citation

  • Weiß, Hans-Jörg, 2005. "Die Potenziale des Deprival Value-Konzepts zur entscheidungsorientierten Bewertung von Kapital in liberalisierten Netzindustrien," Discussion Papers 108, University of Freiburg, Institute for Transport Economics and Regional Policy.
    • Handle: RePEc:zbw:aluivr:108
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    Cited by:

    1. Knieps, Günter, 2012. "Competition and the railroads: A European perspective," Discussion Papers 142, University of Freiburg, Institute for Transport Economics and Regional Policy.
    2. Knieps, Günter & Zenhäusern, Patrick, 2008. "The fallacies of network neutrality regulation," Discussion Papers 115 [rev.], University of Freiburg, Institute for Transport Economics and Regional Policy.
    3. Knieps, Günter, 2010. "The three criteria test, the essential facilities doctrine and the theory of monopolistic bottlenecks," Discussion Papers 132, University of Freiburg, Institute for Transport Economics and Regional Policy.
    4. Knieps, Günter, 2013. "The evolution of the generalized differentiated services architecture and the changing role of the Internet engineering task force," Discussion Papers 147, University of Freiburg, Institute for Transport Economics and Regional Policy.
    5. Knieps, Günter, 2014. "Competition and third party access in railroads," Discussion Papers 150, University of Freiburg, Institute for Transport Economics and Regional Policy.
    6. Knieps, Günter & Zenhäusern, Patrick, 2009. "The reform of the European regulatory framework for electronic communications: The unexploited phasing-out potentials," Discussion Papers 128, University of Freiburg, Institute for Transport Economics and Regional Policy.
    7. Weiß, Hans-Jörg, 2005. "Die Probleme des ÖPNV aus netzökonomischer Sicht," Discussion Papers 110, University of Freiburg, Institute for Transport Economics and Regional Policy.
    8. Schäffner, Daniel, 2007. "Bestimmung des Ausgangsniveaus der Kosten und des kalkulatorischen Eigenkapitalzinssatzes für eine Anreizregulierung des Energiesektors," WIK Discussion Papers 293, WIK Wissenschaftliches Institut für Infrastruktur und Kommunikationsdienste GmbH.
    9. Blankart, Charles B. & Knieps, Günter & Zenhäusern, Patrick, 2007. "Regulation of new markets in telecommunications? Market dynamics and shrinking monopolistic bottlenecks," Discussion Papers 112 [rev.], University of Freiburg, Institute for Transport Economics and Regional Policy.
    10. Knieps, Günther, 2010. "Regulatory reforms of European network industries and the courts," Discussion Papers 129 [rev.], University of Freiburg, Institute for Transport Economics and Regional Policy.
    11. Knieps, Günter, 2008. "The net neutrality debate and the German communications and competition law," Discussion Papers 120, University of Freiburg, Institute for Transport Economics and Regional Policy.

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