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9 Jul 2023: Working Paper No. 353. by. Sonja Fagernäs. Faculty of Economics. Sidgwick Avenue.

8 Dec 2023: We are indebted to a number of earlier referees’ comments as well as to Robert Ritz and Marta Rocha.†Corresponding author: Faculty of Economics, Sidgwick Ave, Cambridge, CB3 9DE, UK, ph: ... email: dmgn@cam.ac.uk.‡EPRG, Cambridge; contact address:

5 Dec 2023: Box 37154, 1030 AD, Amsterdam, The Netherlands. 2University of Cambridge, Faculty of Economics, Sidgwick Avenue, Cambridge CB3 9DE, UK 3The Johns Hopkins University, Department of Geography and Environmental Engineering,.

5 Dec 2023: Sidgwick Avenue, Cambridge CB3 9DE, UK Email: tooraj.jamasb@econ.cam.ac.uk. Paul Nillesen. Regulatory Affairs, REMU NV Kuelsekade 189, Utrecht, The Netherlands.

5 Dec 2023: At the time. Professor, Department of Applied Economics, University of Cambridge, Sidgwick Avenue,Cambridge, England CB3 9DE (E-mail: dmgn@econ.cam.ac.uk).

5 Dec 2023: Corresponding author: Faculty of Economics, Cambridge University, Sidgwick Avenue, Cambridge CB3 9DE, UK Tel.: 44-1223-335288; fax: 44-1223-335299.E-mail address: Michael.grubb@econ.cam.ac.uk.

6 Dec 2023: 1 Electricity Policy Research Group, University of Cambridge, 2 Corresponding author: Faculty of Economics, Austin Robinson Building, Sidgwick Avenue, Cambridge CB3 9DD tjl40@cam.ac.uk.

6 Dec 2023: Pollitt wishes to thank Melvyn Weeks and the 2008 NAPW conference for their encouragement in undertaking this survey. 2 Corresponding author: Faculty of Economics, University of Cambridge, Austin Robinson Building,

5 Dec 2023: gratefully acknowledged. Sidgwick Avenue, Cambridge CB3 9DE, England Phone 44 1223 335200, Fax 44 1223.

6 Dec 2023: University of Cambridge, Sidgwick Avenue, Austin Robinson Building, Cambridge CB3 9DE, United Kingdom.