Carrington, Roger; Coelli, Tim; Groom, Eric - In: Journal of Regulatory Economics 21 (2002) 2, pp. 191-216
Price-cap regulation is widely applied to network industries. However, regulators often encounter the problem of asymmetric information on efficient costs. Benchmarking can help reduce this problem. We present a benchmarking analysis, conducted for an Australian regulator, that derives measures...