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How to watch the watchmen? The role and measurement of regulatory governance

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  • Marques, Rui Cunha
  • Pinto, Francisco Silva

Abstract

This article proposes a method to evaluate regulatory governance. For this purpose, we develop a novel multicriteria decision analysis modeling approach. Performance criteria were organized into key dimensions and descriptors were constructed for each of the criteria. Reference regulator profiles were developed for scoring and comparison purposes. The subjective judgment of experts was incorporated in the modeling process. The “Regulatory Governance Scorecard” is calculated for the Portuguese regulatory agencies to illustrate the model outputs and demonstrate its potential usefulness.

Suggested Citation

  • Marques, Rui Cunha & Pinto, Francisco Silva, 2018. "How to watch the watchmen? The role and measurement of regulatory governance," Utilities Policy, Elsevier, vol. 51(C), pages 73-81.
    • Handle: RePEc:eee:juipol:v:51:y:2018:i:c:p:73-81
    DOI: 10.1016/j.jup.2018.02.002
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    6. Vilarinho, Hermilio & D’Inverno, Giovanna & Nóvoa, Henriqueta & Camanho, Ana S., 2023. "Performance analytics for regulation in retail water utilities: Guiding asset management by identifying peers and targets," Utilities Policy, Elsevier, vol. 82(C).
    7. Aquila, Giancarlo & de Oliveira Pamplona, Edson & Ferreira Filho, José Alberto & da Silva, Antônio Sergio & de Azevedo Mataveli, João Victor & Correa, João Ederson & de Maria, Mateus Sanches & Garcia,, 2019. "Quantitative regulatory impact analysis: Experience of regulatory agencies in Brazil," Utilities Policy, Elsevier, vol. 59(C), pages 1-1.
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    9. Barbosa, Ailson de Souza & Shayani, Rafael Amaral & Oliveira, Marco Aurélio Gonçalves de, 2018. "A multi-criteria decision analysis method for regulatory evaluation of electricity distribution service quality," Utilities Policy, Elsevier, vol. 53(C), pages 38-48.

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