Efficiency and productivity studies in incentive regulation of UK utilities
The reform of the UK utilities over the last fifteen years has laid considerable emphasis on the incentive properties both of private ownership and the regulation of the privatized industries which has followed. This paper reviews the arguments for such policy, and describes the use of efficiency and productivity studies, both in undertaking the regulation itself and in assessing its effectiveness. The establishment of separate industry specific regulators has resulted in a considerable variety of approaches, and the assessment of the outcome also provides a rather mixed result, both with respect to the impact and its timing.
Volume (Year): (2000)
Issue (Month): ()
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