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The value of flexibility in the Italian water service sector : a real option analysis
D'Alpaos, Chiara; Moretto, Michele - 2004
We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...
Persistent link: https://www.econbiz.de/10011607043
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Output quality and sources of profit change in the English and welsh water and sewerage companies
Maziotis, Alexandros; Saal, David S.; Thanassoulis, Emmanuel - 2012
This paper investigates the determinants of profit change over the period 1991-2008 for the Water and Sewerage Companies (WaSCs) in the English and Welsh water and sewerage industry. We firstly apply an input oriented profit decomposition approach following the approach of De Witte & Saal...
Persistent link: https://www.econbiz.de/10009687492
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Profit, productivity and price performance changes in the English and welsh water and sewerage companies
Maziotis, Alexandros; Saal, David S.; Thanassoulis, Emmanuel - 2012
The purpose of this paper is to assess the impact of regulation in the financial performance of the Water and Sewerage companies (WaSCs) in England and Wales. We apply a panel index approach across WaSCs over time to decompose unit-specific (temporal) index number based profitability growth as a...
Persistent link: https://www.econbiz.de/10009687496
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A methodology to propose the X-factor in the regulated English and Welsh water And sewerage companies
Maziotis, Alexandros; Saal, David S.; Thanassoulis, Emmanuel - 2013
The purpose of this paper is to develop a methodology which can be used to set X-factor under price cap schemes, when the number of observations is limited. We firstly apply a panel index approach across Water and Sewerage companies (WaSCs) over time to decompose unit-specific index number based...
Persistent link: https://www.econbiz.de/10009705668
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Profit, Productivity, Price and Quality Performance Changes in the English and Welsh Water and Sewerage Companies
Maziotis, Alexandros; Saal, David S.; Thanassoulis, Emmanuel - 2013
The purpose of this paper is the evaluation of various profit drivers such as price changes, productivity changes and quality levels on the financial performance of the Water and Sewerage Companies (WaSCs) over time in the case when the number of observations is limited. We thereby follow...
Persistent link: https://www.econbiz.de/10009706196
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Private sector participation in the water and wastewater services industry
Baumert, Jennifer (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002121928
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The water abstraction license regime in Italy : a case for reform?
Santato, Silvia; Myšiak, Jaroslav; Pérez Blanco, … - 2016
The current Water Abstraction License (WAL) regime in Italy is no longer flexible enough to cope with the challenges … economically most important in Italy. PRBD’s WAL regime includes a rigid and scattered WAL normative that hinders the performance … that can inform reform of water allocations in the PRBD and elsewhere in Italy and in Europe. …
Persistent link: https://www.econbiz.de/10011457607
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Accountability in government and regulatory policies : theory and evidence
Guerriero, Carmine - 2008
This paper analyzes the political economy of regulatory and judicial appointment rules. I study a model of price-setting by a political principal faced with a firm with unknown costs, and endowed with an information-gathering technology whose efficiency rises with the effort exerted by two...
Persistent link: https://www.econbiz.de/10008772370
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Does participatory budgeting have an effect on the quality of public services? : the case of Peru's water and sanitation sector
Jaramillo Baanante, Miguel; Alcázar, Lorena - 2013
Persistent link: https://www.econbiz.de/10009725172