Regulatory Agencies: Impact on Firm Performance and Social Welfare

We explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. We exploit a dataset comprising firmlevel information on a representative sample of 220 electric utilities from 51 development countries for the period 1985 to 2005. Our results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare.

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Year of publication:	2009
Authors:	Estache, Antonio ; A. Rossi, Martin
Institutions:	European Centre for Advanced Research in Economics and Statistics (ECARES), Solvay Brussels School of Economics and Management
Subject:	Regulatory agency \| performance \| electricity \| private ownership

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Extent:	application/pdf
Series:	Working Papers ECARES.
Type of publication:	Book / Working Paper
Notes:	Published by: The text is part of a series ECARES Working papers Number 2009_010 26 pages long
Classification:	D21 - Firm Behavior ; D24 - Production; Capital and Total Factor Productivity; Capacity ; L51 - Economics of Regulation ; L94 - Electric Utilities
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005827110