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Relative Performance of UK and Japanese Electricity Distribution Systems 1985-1998: Lessons for Incentive Regulation

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dc.contributor.authorHattori, Toru
dc.contributor.authorJamasb, Tooraj
dc.contributor.authorPollitt, Michael G.
dc.date.accessioned2004-06-16T16:05:09Z
dc.date.available2004-06-16T16:05:09Z
dc.date.created2002-05en_GB
dc.date.issued2004-06-16T16:05:09Z
dc.description.abstractInternational comparisons can be used to study relative efficiency of decision-making units in an industry in a wider context. In particular, cross-country comparisons can, help regulators of natural monopoly firms to assess the relative performance of their regulation regime and national firms with those of other countries. The relative performance of frontier firms is important as these may be subject to lax regulation and could constitute benchmarks for regulation of other firms. The results of empirical studies can be sensitive to the choice of techniques and models. The UK and Japanese electricity distribution utilities have been subject to yardstick regulation since 1990 and 1996 respectively. In this paper we present an analysis of the development and relative performance of electricity distribution utilities in the UK and Japan between 1985 and 1998. The results allow the examination of the impact of privatisation and regulation on the UK firms and their scope for further efficiency gains. The paper presents the findings from applying input distance functions with data envelopment analysis (DEA), stochastic frontier analysis (SFA), and corrected ordinary least square (COLS) techniques using cost based model specifications in a dynamic setting.
dc.format.extent1339183 bytes
dc.format.mimetypeapplication/pdfen_GB
dc.format.mimetypeapplication/pdf
dc.identifier.doi10.17863/CAM.5425
dc.identifier.urihttp://www.dspace.cam.ac.uk/handle/1810/310
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/310
dc.language.isoeng
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserved
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/
dc.subject.classificationClassification-JEL: L94
dc.subject.otherTechnical Efficiency, Efficiency Analysis, Electricity Distribution Systems, Incentive Regulation, International Comparison
dc.titleRelative Performance of UK and Japanese Electricity Distribution Systems 1985-1998: Lessons for Incentive Regulation
dc.typeWorking Paper
rioxxterms.versionAO

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