Gaming the Regulator: A Survey

Tooraj Jamasb*, Paul Nillesen, Michael Pollitt

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review


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 languageEnglish
JournalElectricity Journal
Issue number10
Pages (from-to)68-80
Number of pages13
Publication statusPublished - 2003
Externally publishedYes

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