DEA and Dynamic Yardstick Competition in Scandinavian Electricity Distribution
AbstractMulti-period multi-product regulatory schemes for electricity distributors are presented, based on cost information from a productivity analysis model and an agency theoretical decision model. The proposed schemes are operational and demonstrate considerable advantages compared to the popular CPI-X revenue cap regulation. The schemes avoid arbitrariness, excessively high or negative informational rents as well as ratchet effects and they promote rapid productivity catch-up by making full use of available data. More generally, the paper contributes to the theoretical unification between firm-based Data Envelopment Analysis (DEA) productivity models and micro-economic reimbursement theories. Copyright Springer Science+Business Media, Inc. 2005
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Bibliographic InfoArticle provided by Springer in its journal Journal of Productivity Analysis.
Volume (Year): 23 (2005)
Issue (Month): 2 (05)
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Web page: http://www.springerlink.com/link.asp?id=100296
planning theory; efficiency analysis; yardstick; CPI-X; regulation;
Other versions of this item:
- AGRELL, Per J. & BOGETOFT, Peter & TIND, Jorgen, . "DEA and dynamic yardstick competition in Scandinavian electricity distribution," CORE Discussion Papers RP -1837, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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