Poudineh, Rahmatallah; Emvalomatis, Grigorios; Jamasb, … - Faculty of Economics, University of Cambridge - 2014
Efficiency and productivity analysis is a central concept in incentive-based regulation of network utilities. However … adjustment of capital stock or production capacity, is problematic under incentive regulation with ex-post regulatory treatment …, regulated revenue. This paper analyses the dynamic behaviour of inefficiency for a balanced panel of 128 Norwegian electricity …