-competitive environment for the water companies. The benchmarking results are used to set an individual revenue cap for each company. The … benchmarking model is currently criticized for not including the companies’ supply quality and thereby has an omitted variable bias … problem. The regulator has, therefore, initiated an extensive effort to try to incorporate supply quality in the regulation …

analytics tools that support benchmarking systems in measuring, comparing, and enhancing various notations of efficiency. It has … also been extensively used as an advanced analytical instrument in the field of incentive regulation. The aim of this paper …

Benchmarking methods are widely used in the regulation of firms in network industries working under heterogeneous … study provides orientation to adopt new benchmarking methods given industry characteristics. …

Regulatory authorities in the European electricity sector use benchmarking techniques to determine the cost …-efficient production level for an incentive regulation of distribution system operators (DSOs). With nearly 900 DSOs operating in the … German electricity sector, of which 200 subject to incentive regulation, the issue of heterogeneity of DSOs has to be …

other factors, such as the political agenda and the historical context of the regulation. This sometimes results in some … regulation of the Danish water sector. More specifically, we look at the characteristics of the method the regulator uses to take …

-competitive environment for the water companies. The benchmarking results are used to set an individual revenue cap for each company. The … benchmarking model is currently criticized for not including the companies' supply quality and thereby has an omitted variable bias … problem. The regulator has, therefore, initiated an extensive effort to try to incorporate supply quality in the regulation …

Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … that the regulation will induce socially optimal output levels. In this paper, we analytically and numerically examine the … impacts of including a discretionary quality indicator in the benchmarking model used to regulate Danish water firms. We show …