incentive regulation and efficiency benchmarking in electricity distribution industries and provides valuable insights for …

with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …

subject to a lower powered regulation mechanism. The difference is particularly significant (about 7%) for firms in the upper …

The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective …

The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective …

costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in …. A connected set of price caps exists so that a hybrid regulation consisting of any element in this set and the cost …

'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 …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …

Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries … able to identify heterogeneous effects of legal unbundling for different types of price regulation, because we observe a … switch in the price regulation regime from rate-of-return regulation to incentive regulation during our observation period …