We compare the welfare effects of different regulation schemes of electricity distribution utilities. The compared … regulation schemes are fixed price regulation, cost of service regulation, menu of cost-contingent contracts and simple menus of …. Our basic result is that welfare can be improved by changing the cost of service regulation scheme to the menu of …

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 …