Regulatory Agencies: Impact on Firm Performance and Social Welfare
We explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. We exploit a dataset comprising firmlevel information on a representative sample of 220 electric utilities from 51 development countries for the period 1985 to 2005. Our results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare.
|Date of creation:||2009|
|Date of revision:|
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- Antonio Estache & Martin Rossi, 2004.
"Do Regulation and Ownership Drive the Efficiency of Electricity Distribution? Evidence from Latin America,"
ULB Institutional Repository
2013/43972, ULB -- Universite Libre de Bruxelles.
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