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Electricity distribution is a natural local monopoly. In many countries, the regulators of this sector apply frontier methods such as data envelopment analysis (DEA) or stochastic frontier analysis (SFA) to estimate the efficient cost of operation. In Finland, a new StoNED method was adopted in...
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Electricity distribution often exhibits economies of scale. In Norway, a number of smaller distribution system operators exist and thus there is potential to restructure the industry, possibly through mergers. However, the revenue cap regulatory model in Norway does not incentivize firms to...
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We study the effects of intergovernmental grants on school spending within the Finnish system of high school education funding. The system allocates lump-sum intergovernmental grants to local education organizers using a kinked grant rule. Utilizing the quasi-experimental variation in grants...
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