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DEA and dynamic yardstick competition in scandinavian electricity distribution

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  • Per J. Agrell
  • Peter Bogetoft
  • Jørgen Tind
Multi-period multi-product regulatory schemes for electricity distributors are presented, based on cost information from a productivity analysis model and an agency theoretical decision model. The proposed schemes are operational and demonstrate considerable advantages compared to the popular CPI-X revenue cap regulation. The schemes avoid arbitrariness, excessively high or negative informa- tional rents as well as ratchet effects and they promote rapid productivity catch-up by making full use of available data. More generally, the paper contributes to the heoretical uni¿cation between ¿rm-based Data Envelopment Analysis (DEA) productivity models and micro-economic reimbursement theories.
OriginalsprogEngelsk
TidsskriftJournal of Productivity Analysis
Vol/bind23
Udgave nummer2
Sider (fra-til)169-197
Antal sider29
ISSN0895-562X
StatusUdgivet - 2005

ID: 8002276