Regulatory Agencies : Impact on Firm Performance and Social Welfare

• Tác giả: Antonio Estache
• Ngôn ngữ: eng
• Ký hiệu phân loại: 370.11 Education for specific objectives
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 307997
• Chủ đề: 1. ALTERNATIVE SPECIFICATIONS; 2. APPROACH; 3. AVERAGE TARIFFS; 4. COST RECOVERY; 5. COUNTRY RISK

Tóm tắt

The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition countries for the years 1985 to 2005. Their results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare.