Advanced Search
MyIDEAS: Login

Impact of Regulatory Agencies on the Efficiency of Publicly-Owned Utilities

Contents:

Author Info

  • Bernard, Jean-Thomas
  • Nouhi, Mohamed
  • Roland, Michel

Abstract

We compare the economic efficiency of a publicly-owned utility directly controlled by the government with a publicly-owned utility regulated by a public utility commission (PUC). Regulation by a PUC is modelled as a Nash equilibrium of a game between two principals, the government and the PUC, each of them having control over a subset of decision variables determining the utility performance. A utility manager, who has private information over a productivity parameter, is the agent. Comparisons of both regulatory regimes are made with respect to output, choice of inputs, manager's information rent and firm's profit. Reasons for which the government should prefer one regulatory regime over the other are discussed. The recent regulatory reform of electricity markets in the province of Quebec (Canada) provides an illustration of the model.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.ecn.ulaval.ca/w3/recherche/cahiers/1999/9915.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Université Laval - Département d'économique in its series Cahiers de recherche with number 9915.

as in new window
Length:
Date of creation: 1999
Date of revision:
Handle: RePEc:lvl:laeccr:9915

Contact details of provider:
Postal: Pavillon J.A. De Sève, Québec, Québec, G1K 7P4
Phone: (418) 656-5122
Fax: (418) 656-2707
Email:
Web page: http://www.ecn.ulaval.ca
More information through EDIRC

Related research

Keywords: Regulation; Public Enterprises;

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:lvl:laeccr:9915. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Johanne Perron).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.