Within the water industry, some water companies provide both water and sanitation services whereas other just water services. Assuming a common technology of different types of water companies may lead to biased estimates of performance. To deal with the problem of incomparability of...

The firms’ performance assessment for regulation requires estimating profit change and its drivers. This study estimates and decomposes profit changes into components such as output and input price changes, output growth, and markups. Using the stochastic frontier analysis, we compute the...