IDEAS home Printed from https://ideas.repec.org/p/fth/nantie/280.html
   My bibliography  Save this paper

Technical Efficiency Under Alternative Regulatory Regimes: Evidence from the Inter-War Britich Gas Industry

Author

Listed:
  • Hammond, C.J.
  • Jones, G.
  • Robinson, T.

Abstract

From 1920 until nationalisation, privately owned gas companies in Britain were regulated under one of three systems: the Maximum Price, the Sliding Scale, or the Basic Price system. In effect, the industry was the subject of a remarkable experiment in regulation. Hitherto, there has been no empirical analysis of the incentive properties of the regimes applied. This paper attempts such an investigation by using Data Envelopment Analysis to estimate the relative efficiency of a sample of undertakings under each system. Undertakings operating under the basic price system are found to be more efficient which suggests that incentive regulation was effective in the industry at this time.

Suggested Citation

  • Hammond, C.J. & Jones, G. & Robinson, T., 2000. "Technical Efficiency Under Alternative Regulatory Regimes: Evidence from the Inter-War Britich Gas Industry," Papers 280, Universite de Nantes - Economie Internationale et de l'Entreprise.
    • Handle: RePEc:fth:nantie:280
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Uri, Noel D., 2003. "The adoption of incentive regulation and its effect on technical efficiency in telecommunications in the United States," International Journal of Production Economics, Elsevier, vol. 86(1), pages 21-34, October.
    2. Jamasb, T. & Söderberg, M., 2009. "Yardstick and Ex-post Regulation by Norm Model: Empirical Equivalence, Pricing Effect, and Performance in Sweeden," Cambridge Working Papers in Economics 0908, Faculty of Economics, University of Cambridge.
    3. Jamasb, Tooraj & Pollitt, Michael, 2007. "Incentive regulation of electricity distribution networks: Lessons of experience from Britain," Energy Policy, Elsevier, vol. 35(12), pages 6163-6187, December.
    4. Malcolm Abbott, 2013. "The Motivation and Effectiveness of Gas Industry Economic Regulation in New South Wales, 1912–39," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 53(2), pages 167-186, July.
    5. Gugler, Klaus & Liebensteiner, Mario, 2016. "Productivity Growth and the General X-factor in Austria´s Gas Distribution," Department of Economics Working Paper Series 5221, WU Vienna University of Economics and Business.
    6. Tooraj Jamasb & Magnus Söderberg, 2010. "The Effects of Average Norm Model Regulation: The Case of Electricity Distribution in Sweden," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 36(3), pages 249-269, May.
    7. repec:bla:econpa:v:36:y:2017:i:3:p:250-265 is not listed on IDEAS

    More about this item

    Keywords

    NATURAL GAS ; REGULATION ; PRICING;

    JEL classification:

    • L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:nantie:280. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel). General contact details of provider: http://edirc.repec.org/data/eenatfr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.