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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/2740

Title: Efficiency and productivity analysis in regulation and governance
Authors: Weyman-Jones, Thomas G.
Keywords: Regulation
Data envelopment analysis
Stochastic frontier analysis
Issue Date: 2007
Abstract: This paper surveys the application of efficiency and productivity analysis to recent regulatory experience, especially in Europe. From a review of regulatory case studies, particularly of network industries, it is clear that regulatory practice differs from theoretical precedent in choice of methodology, sample size, model specification and price or revenue control implementation. A principal-agent model of linear regulatory contracts is used to understand this discrepancy, suggesting that efficiency and productivity analysis has been used to capture economic rent rather than to provide incentives for efficiency. Predictions of the model are used to investigate other assumptions in efficiency and productivity analysis.
Description: This is a working paper. It is also available at: http://ideas.repec.org/p/lbo/lbowps/2007_02.html.
URI: https://dspace.lboro.ac.uk/2134/2740
ISSN: 1750-4171
Appears in Collections:Working Papers (Economics)

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