Bjorndal, Endre; Bjorndal, Mette Helene; Cullmann, Astrid; … - 2016
Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when … regulating natural monopolies. One example is the European energy sector, where benchmarking methods are based on actual cost … by the Norwegian regulator, we see that the use of conditional benchmarking methods in revenue cap regulation may …