Resumé
Originalsprog | Engelsk |
---|---|
Publikationsdato | 2017 |
Antal sider | 37 |
Status | Udgivet - 2017 |
Bibliografisk note
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- DEA
- Agency theory
- Regulation
- Energy networks
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Regulatory Benchmarking : Models, Analyses and Applications. / Agrell, Per J.; Bogetoft, Peter.
2017.Publikation: Konferencebidrag › Paper › Forskning
TY - CONF
T1 - Regulatory Benchmarking
T2 - Models, Analyses and Applications
AU - Agrell, Per J.
AU - Bogetoft, Peter
N1 - CBS Library does not have access to the material
PY - 2017
Y1 - 2017
N2 - Benchmarking methods, and in particular Data Envelopment Analysis (DEA), have become well-established and informative 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 bench-marking in regulation, however, requires specific steps in terms of data validation, model specification and outlier detection that are not systematically documented in open publications, leading to discussions about regulatory stability and economic feasibility of these techniques. In this paper, we review the modern foundations for frontier-based regulation and we discuss its actual use in several jurisdictions.
AB - Benchmarking methods, and in particular Data Envelopment Analysis (DEA), have become well-established and informative 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 bench-marking in regulation, however, requires specific steps in terms of data validation, model specification and outlier detection that are not systematically documented in open publications, leading to discussions about regulatory stability and economic feasibility of these techniques. In this paper, we review the modern foundations for frontier-based regulation and we discuss its actual use in several jurisdictions.
KW - DEA
KW - Agency theory
KW - Regulation
KW - Energy networks
KW - DEA
KW - Agency theory
KW - Regulation
KW - Energy networks
M3 - Paper
ER -