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Issues and Challenges in Regulation Economics


  • Agrell, Per J.
  • Bogetoft, Peter


Effective economic regulation demands clear objectives, sound economic reasoning and a careful analysis of the inevitable trade-offs between conflicting societal interests. The key problems are linked to the information asymmetry between the regulator and the regulated firms. Although the market principle may provide some useful guidelines, the problems of bankruptcy and windfall profits remain to be addressed. In this overview, we discuss how modern yardstick regimes in combination with franchise auctions provide powerful solutions that may contribute to both societal and industry demands.

Suggested Citation

  • Agrell, Per J. & Bogetoft, Peter, 2001. "Issues and Challenges in Regulation Economics," Unit of Economics Working papers 24216, Royal Veterinary and Agricultural University, Food and Resource Economic Institute.
  • Handle: RePEc:ags:rvaewp:24216

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    References listed on IDEAS

    1. LĂ©opold Simar & Paul Wilson, 2000. "Statistical Inference in Nonparametric Frontier Models: The State of the Art," Journal of Productivity Analysis, Springer, vol. 13(1), pages 49-78, January.
    2. Peter Bogetoft, 2000. "DEA and Activity Planning under Asymmetric Information," Journal of Productivity Analysis, Springer, vol. 13(1), pages 7-48, January.
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    Cited by:

    1. Lins, Marcos Pereira Estellita & Sollero, Maria Karla Vervloet & Caloba, Guilherme Marques & da Silva, Angela Cristina Moreira, 2007. "Integrating the regulatory and utility firm perspectives, when measuring the efficiency of electricity distribution," European Journal of Operational Research, Elsevier, vol. 181(3), pages 1413-1424, September.

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    Agricultural and Food Policy;


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