International benchmarking for monopoly price regulation: The case of Australian gas distribution

被引：35

作者：

Carrington, R

Coelli, T

Groom, E

机构：

[1] NSW Treasury, Sydney, NSW 2000, Australia

[2] Univ New England, Armidale, NSW 2351, Australia

[3] Independent Pricing & Regulatory Tribunal New S W, Sydney, NSW 1230, Australia

来源：

JOURNAL OF REGULATORY ECONOMICS | 2002年 / 21卷 / 02期

关键词：

D O I：

10.1023/A:1014391824113

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Price-cap regulation is widely applied to network industries. However, regulators often encounter the problem of asymmetric information on efficient costs. Benchmarking can help reduce this problem. We present a benchmarking analysis, conducted for an Australian regulator, that derives measures of efficiency for Australian gas distributors relative to U.S. counterparts. Several techniques, such as data envelopment analysis and stochastic frontier analysis, are used to ensure that our measures are robust to methodology choice. We conclude with a discussion of how the regulator used the benchmarking results, along with other information, to help it determine appropriate price caps.

引用

页码：191 / 216

页数：26

共 31 条

[11] Incentive regulation in the United Kingdom and the United States: Some lessons [J].

Crew, MA ;

Kleindorfer, PR .

JOURNAL OF REGULATORY ECONOMICS, 1996, 9 (03) :211-225

[12]

*EIA, 1997, RESTR EN IND LESS NA

[13]

*ENV, 1998, ANN REP 1997 1998

[14]

*ENV, 1997, PROSP

[15]

*EWB PREEC, 1999, REP IPART TECHN REV

[16]

FARE R., 1994, Production Frontiers

[17]

*IC, 1997, ASS AUSTR PROD PERF

[18]

*IPART, 2000, ACC ARR AGL GAS NETW

[19]

*IPART, 1999, BENCHM EFF AUSTR GAS

[20]

*IPART, 1999, ACC ARR AGL GAS NETW

← 1 2 3 4 →