Leme, Rafael C.; Paiva, Anderson P.; Steele Santos, Paulo E. - In: Energy Economics 45 (2014) C, pp. 111-119
Benchmarking plays a central role in the regulatory scene. Regulators set tariffs according to a performance standard and, if the companies can outperform such a standard, they can retain the gains observed by such outperformance. Efficiency performance is usually assessed by comparison (or a...