We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show … subject to a lower powered regulation mechanism. The difference is particularly significant (about 7%) for firms in the upper …

associated with the X-factor in a price/revenue cap regulation and cost of capital, whilst at the same time increasing overall …

Electricity distribution operators are regulated as monopolies around the world. Incentive regulation is further … applied to relate their allowed revenues (revenue cap) to cost efficiency and investment. Incentive regulation varies cross … distributors by incentive regulation. Using the long time series data, we evaluated the impact of the Norwegian regulation regimes …

The determinants of incentive regulation are a key issue in economics. More powerful rules relax allocative distortions … operating in states where the regulator had stronger incentives to exert information-gathering effort because elected instead of …

The determinants of incentive regulation are an important issue in economics. More powerful rules relax allocative … characterizing neighboring markets and the regulator had stronger incentives to exert information-gathering effort because elected …

The determinants of incentive regulation are an important issue in economics. More powerful rules relax allocative … characterizing neighboring markets and the regulator had stronger incentives to exert information-gathering effort because elected …

Regulator needs reliable information on which to base its policies when practicing regulation on individual firms …

-efficient production level for an incentive regulation of distribution system operators (DSOs). With nearly 900 DSOs operating in the … German electricity sector, of which 200 subject to incentive regulation, the issue of heterogeneity of DSOs has to be …