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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/2741

Title: Regulatory benchmarking with panel data
Authors: Bagdadioglu, Necmiddin
Weyman-Jones, Thomas G.
Keywords: Efficiency and productivity analysis
Regulation
Electricity distribution
Issue Date: 2007
Abstract: This paper considers panel data procedures for regulatory benchmarking that allow for both latent heterogeneity and inefficiency, encapsulating the regulatory dilemma in comparative efficiency analysis for incentive regulation. It applies a distance function model with appropriate concavity properties for econometric estimation to a panel of electricity distribution utilities in Turkey, since electricity industry reform is a major policy issue there. The results confirm the importance of allowing simultaneously for heterogeneity and inefficiency and emphasise the need for specific time-invariant heterogeneity information, such as geographical data, on regulated utilities in different regions.
Description: This is a working paper. It is also available at: http://ideas.repec.org/p/lbo/lbowps/2007_03.html.
URI: https://dspace.lboro.ac.uk/2134/2741
ISSN: 1750-4171
Appears in Collections:Working Papers (Economics)

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