The case for international coordination of electricity regulation : evidence from the measurement of efficiency in South America
AbstractA decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemination unless they have an incentive to do so. The authors argue that, in spite of, and maybe because of, a much weaker information base and governance structure, South America's electricity sector could pursue an approach that relies on performance rankings based on comparative efficiency measures. The authors show that with the rather modest data currently available publicly, such an approach could yield useful results. They provide estimates of efficiency levels in South America's main distribution companies between 1994 and 2000. Moreover, the authors show how relatively simple tests can be used by regulators to check the robustness of their results and strengthen their position at regulatory hearings.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 2907.
Date of creation: 31 Oct 2002
Date of revision:
Economic Theory&Research; Environmental Economics&Policies; Enterprise Development&Reform; Labor Policies; Health Monitoring&Evaluation; Environmental Economics&Policies; Economic Theory&Research; Geographical Information Systems; Health Monitoring&Evaluation; Educational Technology and Distance Education;
Other versions of this item:
- Antonio Estache & MartÌn A. Rossi & Christian A. Ruzzier, 2004. "The Case for International Coordination of Electricity Regulation: Evidence from the Measurement of Efficiency in South America," Journal of Regulatory Economics, Springer, vol. 25(3), pages 271-295, 05.
- Antonio Estache & Martin Rossi & Christian Ruzzier, 2004. "The case for international coordination of electricity regulation: evidence from the measurement of efficiency in South America?," ULB Institutional Repository 2013/13372, ULB -- Universite Libre de Bruxelles.
- Antonio Estache & Martin Rossi & Christian Ruzzier, 2004. "The Case for International Coordination of Electricity Regulation: Evidence from the Measurement of Efficiency in South America," ULB Institutional Repository 2013/43975, ULB -- Universite Libre de Bruxelles.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
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