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9780821353790

A Primer on Efficiency Measurement for Utilities and Transport Regulators

by ; ; ;
  • ISBN13:

    9780821353790

  • ISBN10:

    0821353799

  • Format: Paperback
  • Copyright: 2003-02-24
  • Publisher: World Bank Publications

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Summary

This book provides an overview of the techniques offered to regulators of recently "privatized" utilities and transport services. Designed as a starter kit, the book not only surveys the options available, but also provides guidelines as to how to chose between these options, identifying the costs and benefits of the various approaches in situations most relevant to regulators. It covers the measurement of efficiency in the context of a tariff revision aiming at redistributing at least some of the efficiency gains from the producers to the users. The book also addresses the challenges from comparative efficiency assessments allowing the introduction of yardstick competition. The book is intended to be self- contained for regulators who need to actually focus on the measurement of the efficiency of the firms they are monitoring. (WB website)

Table of Contents

Foreword v
About the Authors vii
Acknowledgments ix
Abbreviations and Acronyms xi
1. Introduction 1(4)
2. Why Should Regulators Be Interested in Efficiency? 5(20)
Regulation Methods
7(2)
Why Use Sophisticated Performance Measurement Methods?
9(1)
Some Performance Measurement Terminology
10(11)
Summing Up
21(4)
3. Some TFP Measurement and Decomposition Methods 25(30)
Price-Based Index Numbers
27(3)
Production Frontiers, Single Output Case
30(6)
Cost Frontiers, Single Output Case
36(4)
Multiple Output Case
40(7)
Malmquist DEA TFP Indexes
47(3)
Cross-Sectional TFP Comparisons
50(1)
What if Policy or Other Similar Variables Are Relevant?
51(1)
Summing Up
52(3)
4. An Empirical Example 55(20)
Estimation of an SFA Production Frontier
57(6)
TFP Calculation and Decomposition
63(3)
Comparison of Methods
66(4)
A Price Cap Regulation Example
70(5)
5. Performance Measurement Issues in Regulation 75(8)
Setting a Single X-Factor for All Firms
76(1)
Setting Firm-Specific X-Factors
77(4)
Additional Comments
81(2)
6. Dealing with Data Concerns in Practice 83(16)
Inputs
84(5)
Outputs
89(1)
Quality
90(2)
Environment
92(1)
Prices
92(2)
Panel Data and International Comparisons
94(1)
Additional Issues
95(4)
7. Choice of Methodology 99(6)
8. Concluding Comments 105(4)
Appendix: Capital Measurement 109(14)
References 123(8)
Index 131

Supplemental Materials

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