that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … to suboptimal incentives. When a regulated firm compares the marginal change in its cost norm with its marginal cost of …

implications are higher the more heterogeneous the sector is. As an example, we use the Danish benchmarking regulation of the waste …

problem. The regulator has, therefore, initiated an extensive effort to try to incorporate supply quality in the regulation … gives the companies incentives to reveal private information about their true trade-offs. This can help the regulator …

other factors, such as the political agenda and the historical context of the regulation. This sometimes results in some … regulation of the Danish water sector. More specifically, we look at the characteristics of the method the regulator uses to take …

investigate the incentives of a DEA based regulation when some of the demand dimensions, the cost drivers, can, in fact, be … controlled by the monopoly. In such cases, the classical DEA based regulation may lead to suboptimal incentives. Specifically, we … used to regulate Danish water firms. We show that the catch-up period allowed in this regulation gives strong incentives to …

Yardstick regulation requires the utilization of benchmarking, a valuable tool for improving the public service …

utilities before and after the introduction of the sunshine regulation. As during the period 1992-2006 several alternative … regulatory reforms including privatization, yardstick competition and profit regulation were also seriously considered, we …, scale, etc.), our results suggest that in an appropriate political and institutional context, sunshine regulation can be an …

regulation ; natural gas transmission …

We assess the performance of National Regulatory Authorities across 16 EU countries regarding economic regulation in …

The factor X in the RPI-X regulation aims to adjust price or revenue allowances to changes in total factor productivity …