Abstract
Many regulators use benchmarking as part of the incentive-based regulation of natural monopolies so as to reduce the possibilities for gaming. However, the use of benchmarking can lead firms to pursue virtual rather than true performance improvements by gaming the regulator’s benchmarking in a number of ways that are contrary to the intentions of the scheme.
| Original language | English |
|---|---|
| Journal | Electricity Journal |
| Volume | 16 |
| Issue number | 10 |
| Pages (from-to) | 68-80 |
| Number of pages | 13 |
| ISSN | 1040-6190 |
| DOIs | |
| Publication status | Published - 2003 |
| Externally published | Yes |