Showing 1 - 10 of 168
While the link between the ownership and productive efficiency of firms has been discussed extensively, no consensus exists regarding the superiority of one or the other in non-competitive, regulated environments. This paper applies a flexible production model to test for efficiency differences...
Persistent link: https://www.econbiz.de/10011595954
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10011372119
This paper provides a cross-country efficiency analysis of electricity distribution companies in East European transition countries (Poland, Czech Republic, Slovakia and Hungary). We compare the relative technical efficiency of East European regional distribution companies (RDCs) among...
Persistent link: https://www.econbiz.de/10010274272
In this paper we test the hypothesis that the economic transition toward a market economy increases the efficiency of firms. We study 32 Polish electricity distribution companies between 1997-2002, by applying common benchmarking methods to the panel: the nonparametric data envelopment analysis...
Persistent link: https://www.econbiz.de/10010274284
Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when … by the Norwegian regulator, we see that the use of conditional benchmarking methods in revenue cap regulation may …
Persistent link: https://www.econbiz.de/10011443184
In January 2009 Germany introduced incentive regulation for the electricity distribution sector based on results … approaches within the incentive regulation schemes. …
Persistent link: https://www.econbiz.de/10010271129
with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …
Persistent link: https://www.econbiz.de/10010520525
more specific but still general incentive regulation literature. An exception has been Vogelsang (2001), who postulated … the incentive-regulation hypothesis (regulatory approach). An independent system operator (ISO) could handle the actual … dispatch and operational pricing. The transmission firm is regulated through benchmark or price regulation to provide long …
Persistent link: https://www.econbiz.de/10010285530
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective …
Persistent link: https://www.econbiz.de/10011749974
This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or non-neutralities...
Persistent link: https://www.econbiz.de/10010264965