DEA and Dynamic Yardstick Competition in Scandinavian Electricity Distribution

Per Agrell (), Peter Bogetoft and Jørgen Tind

Journal of Productivity Analysis, 2005, vol. 23, issue 2, 173-201

Abstract: 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 informational 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 theoretical unification between firm-based Data Envelopment Analysis (DEA) productivity models and micro-economic reimbursement theories. Copyright Springer Science+Business Media, Inc. 2005

Keywords: planning theory; efficiency analysis; yardstick; CPI-X; regulation (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (51)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jproda:v:23:y:2005:i:2:p:173-201

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DOI: 10.1007/s11123-005-1327-6

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