Showing 1 - 5 of 5
In this paper, wee propose a model for regulatory capture that is based on information transmission and asymmetric information. In a three- tier model, a regulator is charged by a political principal to provide a signal for the type of a regulated firm. Only the firm can observe his type and the...
Persistent link: https://www.econbiz.de/10008836131
, assets and costs and contrast this with the assumptions implicit or explicit in current economic network regulation. The … regulation between a distribution system operator (DSO) and a potential investor-generation. The results from the model confirm … the hypothesis that network regulation should find a focal point, should integrate externalities in the performance …
Persistent link: https://www.econbiz.de/10010927726
regulatory authorities to establish price- or revenue cap regulation regimes. The increasing use of efficiency analysis in the …
Persistent link: https://www.econbiz.de/10010662662
-established and informative tools for economic regulation, in particular in energy infrastructure regulation. The axiomatic features … regulation. However, critique has been voiced against the robustness of best-practice regulation in presence of uncertainty … conceptually and by describing the actual state-of-the-art used in energy network regulation using frontier analysis models in …
Persistent link: https://www.econbiz.de/10010662651
tools for economic regulation. DEA is now routinely used by European regulators to set reasonable revenue caps for energy … transmission and distribution system operators. The application of benchmarking in regulation, however, requires specific steps in … review the modern foundations for frontier-based regulation and we discuss its actual use in several jurisdictions. …
Persistent link: https://www.econbiz.de/10010927677