Weiter zum Inhalt
  • «
  • 1
  • »

Die Suche erzielte 2 Treffer.

How to Estimate the COVID-19 Damages? Journal Artikel

Economic Considerations for State Aid During a Time of Crisis

Victor Ahlqvist, Adina Claici, Stephanie Tizik

European State Aid Law Quarterly, Jahrgang 19 (2020), Ausgabe 2, Seite 150 - 160

The unprecedented volume of State aid applications during the COVID-19 crisis presents new economic challenges and policy considerations related to the need for aid and the extent of the damages suffered by undertakings. In light of the current situation, this article presents the foundation for State aid during the outbreak of COVID-19, discusses the methodology for determining the damages using a counterfactual analysis and addresses some of the important factors that policy makers must balance in order to ensure that firms receive the necessary support while minimising the distortions on competition. Keywords: damage estimation, counterfactual analysis, COVID-19


PAKS II: State aid for Electricity in Hungary  · State aid Case SA.38454 Hungary Paks II nuclear power station · Annotation by Adina Claici and Norbert Maier Journal Artikel

Annotation on European Commission Decision (EU) 2017/2112 of 6 March 2017 on the measure/aid scheme/State aid SA.38454 — 2015/C (ex 2015/N).

Adina Claici, Norbert Maier

European State Aid Law Quarterly, Jahrgang 18 (2019), Ausgabe 1, Seite 76 - 83

This article describes a recent State aid case that advances the boundaries in the analysis of the Market Economy Investor Principle beyond the level of complexity reached in previous cases. In 2017 the European Commission approved the aid to Paks II nuclear power station in Hungary following an in-depth investigation. We highlight the most original pieces of economic analysis and financial modelling that contributed to the decision. Among others, the Commission used multiple benchmarking methodologies to estimate the profitability of the investment and the parameters of the financial model. Furthermore, a complex probabilistic model ensured robustness of the results. Finally, we explain the reasoning provided by the Commission when rebutting some of the assumptions put forward by Hungary. Keywords: State aid; MEIP; Nuclear power; Hungary.

  • «
  • 1
  • »