Technical Efficiency under Alternative Regulatory Regimes: Evidence from the Inter-war British Gas Industry
Christopher J Hammond,
Geraint Johnes and
Terry Robinson
Journal of Regulatory Economics, 2002, vol. 22, issue 3, 70 pages
Abstract:
From 1920 until nationalization, privately owned gas companies in Britain were regulated under one of three systems: the maximum price, the sliding scale, or the basic price system. In effect, the industry was the subject of a remarkable experiment in regulation. Hitherto, there has been no empirical analysis of the incentive properties of the regimes applied. This paper attempts such an investigation by using data envelopment analysis to estimate the relative efficiency of a sample of undertakings under each system. Undertakings operating under the basic price system are found to be more efficient which suggests that this form of regulation was most effective in the industry at this time. Copyright 2002 by Kluwer Academic Publishers
Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (10)
Downloads: (external link)
http://journals.kluweronline.com/issn/0922-680X/contents link to full text (text/html)
Access to full text is restricted to subscribers.
Related works:
Working Paper: Technical Efficiency Under Alternative Regulatory Regimes: Evidence from the Inter-War Britich Gas Industry (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:kap:regeco:v:22:y:2002:i:3:p:251-70
Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/11149/PS2
Access Statistics for this article
Journal of Regulatory Economics is currently edited by Menaham Spiegel
More articles in Journal of Regulatory Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().