This timely research review explores the main issues surrounding competition and regulation in electricity markets. The … Electricity', Journal of Law and Economics, 5, October, 1-16 -- George J. Stigler (1971), 'The Theory of Economic Regulation … of Regulation', Journal of Law and Economics, 19 (2), August, 211-40 -- Harold Demsetz (1968), 'Why Regulate Utilities …

service should be an integrated part of efficiency analysis and incentive regulation regimes, as well as in the economic … addressed in regulatory schemes. However, this important aspect is generally not reflected in efficiency analysis of these … industries. In this paper we present an efficiency analysis of electricity distribution networks using a sample of about 500 …