Kirkpatrick, Colin; Parker, David; Zhang, Yin-Fang - In: Public Money & Management 25 (2005) 2, pp. 99-105
<title/> Rate of return or cost of service regulation was the traditional means by which governments, especially in the USA, regulated profitability and prices in privately-owned public utility businesses. However, rate of return regulation was associated with efficiency disincentives. Hence, in 1983 a...