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

Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … that the regulation will induce socially optimal output levels. In this paper, we analytically and numerically examine the … that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …

problem. The regulator has, therefore, initiated an extensive effort to try to incorporate supply quality in the regulation …

problem. The regulator has, therefore, initiated an extensive effort to try to incorporate supply quality in the regulation …

Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … that the regulation will induce socially optimal output levels. In this paper, we analytically and numerically examine the … that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …

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 …

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 …