We compare the welfare effects of different regulation schemes of electricity distribution utilities. The compared … regulation schemes are fixed price regulation, cost of service regulation, menu of cost-contingent contracts and simple menus of …. Our basic result is that welfare can be improved by changing the cost of service regulation scheme to the menu of …

spending are top priorities in Washington. A now-popular target for reform is regulation, which even President Obama claims to … budget. That said, while regulation imposes costs, regulation may also have social benefits, and this fact should be …

heterogeneity and inefficiency, encapsulating the regulatory dilemma in comparative efficiency analysis for incentive regulation. It … with incentive benchmarking regulation that characterizes the European Union. The results confirm the importance of …

inefficiency, encapsulating the regulatory dilemma in comparative efficiency analysis for incentive regulation. It applies a …

. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …

. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …

The factor X in the RPI-X regulation aims to adjust price or revenue allowances to changes in total factor productivity …