Regulatory agencies : impact on firm performance and social welfare
AbstractThe authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition countries for the years 1985 to 2005. Their results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 4509.
Date of creation: 01 Feb 2008
Date of revision:
Infrastructure Regulation; Privatization; Energy Production and Transportation; Emerging Markets; Regulatory Regimes;
Other versions of this item:
- Antonio Estache & Martin A. Rossi, 2009. "Regulatory Agencies: Impact on Firm Performance and Social Welfare," Working Papers ECARES 2009_010, ULB -- Universite Libre de Bruxelles.
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-02-16 (All new papers)
- NEP-ENE-2008-02-16 (Energy Economics)
- NEP-REG-2008-02-16 (Regulation)
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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