Regulatory Agencies : Impact on Firm Performance and Social Welfare

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.

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Bibliographic Details
Main Authors: Estache, Antonio, Rossi, Martin A.
Language:English
Published: World Bank, Washington, DC 2008-02
Subjects:ALTERNATIVE SPECIFICATIONS, APPROACH, AVERAGE TARIFFS, COST RECOVERY, COUNTRY RISK, DEBT, DEVELOPING COUNTRIES, DISTRIBUTION NETWORK, ELECTRIC POWER, ELECTRIC POWER DISTRIBUTION SYSTEMS, ELECTRIC UTILITIES, ELECTRICITY, ELECTRICITY DISTRIBUTION, ELECTRICITY DISTRIBUTION COMPANIES, ELECTRICITY DISTRIBUTION SECTOR, ELECTRICITY GENERATION, ELECTRICITY GENERATION SECTOR, ELECTRICITY SECTOR, EMPIRICAL ANALYSIS, EMPIRICAL STUDIES ON PRIVATIZATION, EMPLOYMENT, ENERGY ECONOMICS, ENERGY LOSSES, ENERGY SECTOR, ENVIRONMENTAL VARIABLE, EXECUTIVE DIRECTORS, FIRM PERFORMANCE, HORIZONTAL INTEGRATION, IMPACT OF PRIVATIZATION, INDEPENDENT REGULATOR, INDEPENDENT REGULATORS, INDEPENDENT REGULATORY, INFRASTRUCTURE CONCESSIONS, INFRASTRUCTURE INDUSTRIES, INFRASTRUCTURE SECTOR, INSTITUTIONAL REFORMS, INTERNATIONAL BANK FOR RECONSTRUCTION, LABOR PRODUCTIVITY, LATIN AMERICAN, MARKET MECHANISM, MONOPOLY, MUNICIPAL OWNERSHIP, NETWORK LOSSES, OUTPUT, OUTPUTS, OWNERSHIP STATUS, PERFORMANCE INDICATORS, PERFORMANCE OF PUBLIC, POLITICAL CONSIDERATIONS, POLITICAL INTERFERENCE, POWER DISTRIBUTION, PRIVATE FIRM, PRIVATE FIRMS, PRIVATE INVESTMENT, PRIVATE INVOLVEMENT, PRIVATE OPERATOR, PRIVATE OPERATORS, PRIVATE OWNERSHIP, PRIVATE PARTICIPATION, PRIVATE SECTOR, PRIVATE SECTOR PARTICIPATION, PRIVATISATION, PRIVATIZATION, PRODUCTIVE EFFICIENCY, PROFIT MAXIMIZING, PUBLIC OPERATORS, REGULATORY AGENCIES, REGULATORY AGENCY, REGULATORY REFORM, REGULATORY REFORMS, REGULATORY REGIME, RESIDENTIAL CUSTOMERS, SERVICE DELIVERY, SERVICE STANDARDS, SOCIAL WELFARE, SUSTAINABLE DEVELOPMENT, TRANSFORMERS, TRANSITION COUNTRIES, TRANSLOG, TRANSLOG FUNCTION, WATER DISTRIBUTION, YARDSTICK COMPETITION,
Online Access:http://documents.worldbank.org/curated/en/2008/02/8992718/regulatory-agencies-impact-firm-performance-social-welfare
https://hdl.handle.net/10986/6373
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