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Efficiency and productivity studies in incentive regulation of UK utilities

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  • Catherine Waddams

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Abstract

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.

Suggested Citation

  • Catherine Waddams, 2000. "Efficiency and productivity studies in incentive regulation of UK utilities," REVISTA DE ECONOMÍA DEL ROSARIO, UNIVERSIDAD DEL ROSARIO, September.
  • Handle: RePEc:col:000151:002434
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    File URL: http://revistas.urosario.edu.co/index.php/economia/article/view/992/891
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    References listed on IDEAS

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    More about this item

    Keywords

    Productivity; regulation; utilities;

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General

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