Regulatory Agencies [electronic resource] : Impact On Firm Performance and Social Welfare / Estache, Antonio
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TextPublication details: Washington, D.C., The World Bank, 2008Description: 1 online resource (28 p.)Subject(s): Electric utilities | Electricity sector | Emerging Markets | Energy | Energy Production and Transportation | Independent regulators | Independent regulatory | Infrastructure Economics and Finance | Infrastructure industries | Infrastructure Regulation | Private ownership | Private Sector Development | Privatization | Public Sector Economics and Finance | Regulatory Agencies | Regulatory agency | Regulatory reforms | Service deliveryAdditional physical formats: Estache, Antonio.: Regulatory Agencies.Online resources: Click here to access online Abstract: 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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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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