The Case for International Coordination of Electricity Regulation: Evidence from the Measurement of Efficiency in South America
A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemina...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2002
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemination unless they have an incentive to do so. Estache, Rossi, and Ruzzier argue that, in spite of, and maybe because of, a much weaker information base and governance structure, South America's electricity sector could pursue an approach that relies on performance rankings based on comparative efficiency measures. The authors show that with the rather modest data currently available publicly, such an approach could yield useful results. They provide estimates of efficiency levels in South America's main distribution companies between 1994 and 2000. Moreover, the authors show how relatively simple tests can be used by regulators to check the robustness of their results and strengthen their position at regulatory hearings. This paper-a joint product of the Governance, Regulation, and Finance Division, World Bank Institute, and the Finance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Region-is part of a larger effort in the institute to increase understanding of infrastructure regulation |
| Beschreibung: | 1 Online-Ressource (40 Seiten)) |
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| 520 | 3 | |a A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemination unless they have an incentive to do so. Estache, Rossi, and Ruzzier argue that, in spite of, and maybe because of, a much weaker information base and governance structure, South America's electricity sector could pursue an approach that relies on performance rankings based on comparative efficiency measures. The authors show that with the rather modest data currently available publicly, such an approach could yield useful results. They provide estimates of efficiency levels in South America's main distribution companies between 1994 and 2000. Moreover, the authors show how relatively simple tests can be used by regulators to check the robustness of their results and strengthen their position at regulatory hearings. This paper-a joint product of the Governance, Regulation, and Finance Division, World Bank Institute, and the Finance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Region-is part of a larger effort in the institute to increase understanding of infrastructure regulation | |
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| spelling | Estache, Antonio Verfasser aut The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America Estache, Antonio Washington, D.C The World Bank 2002 1 Online-Ressource (40 Seiten)) txt rdacontent c rdamedia cr rdacarrier A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemination unless they have an incentive to do so. Estache, Rossi, and Ruzzier argue that, in spite of, and maybe because of, a much weaker information base and governance structure, South America's electricity sector could pursue an approach that relies on performance rankings based on comparative efficiency measures. The authors show that with the rather modest data currently available publicly, such an approach could yield useful results. They provide estimates of efficiency levels in South America's main distribution companies between 1994 and 2000. Moreover, the authors show how relatively simple tests can be used by regulators to check the robustness of their results and strengthen their position at regulatory hearings. This paper-a joint product of the Governance, Regulation, and Finance Division, World Bank Institute, and the Finance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Region-is part of a larger effort in the institute to increase understanding of infrastructure regulation Online-Ausg Competition Economic Theory and Research Economists Efficiency Electricity Generation Environment Environmental Environmental Economics and Policies Equilibrium Information Inputs Interest Labor Macroeconomics and Economic Growth Markets Monitoring Ruzzier, A. Christian Sonstige oth Estache, Antonio Sonstige oth Rossi, Martin Sonstige oth Estache, Antonio The Case for International Coordination of Electricity Regulation http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2907 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Estache, Antonio The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America Competition Economic Theory and Research Economists Efficiency Electricity Generation Environment Environmental Environmental Economics and Policies Equilibrium Information Inputs Interest Labor Macroeconomics and Economic Growth Markets Monitoring |
| title | The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America |
| title_auth | The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America |
| title_exact_search | The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America |
| title_exact_search_txtP | The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America |
| title_full | The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America Estache, Antonio |
| title_fullStr | The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America Estache, Antonio |
| title_full_unstemmed | The Case for International Coordination of Electricity Regulation Evidence from the Measurement of Efficiency in South America Estache, Antonio |
| title_short | The Case for International Coordination of Electricity Regulation |
| title_sort | the case for international coordination of electricity regulation evidence from the measurement of efficiency in south america |
| title_sub | Evidence from the Measurement of Efficiency in South America |
| topic | Competition Economic Theory and Research Economists Efficiency Electricity Generation Environment Environmental Environmental Economics and Policies Equilibrium Information Inputs Interest Labor Macroeconomics and Economic Growth Markets Monitoring |
| topic_facet | Competition Economic Theory and Research Economists Efficiency Electricity Generation Environment Environmental Environmental Economics and Policies Equilibrium Information Inputs Interest Labor Macroeconomics and Economic Growth Markets Monitoring |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2907 |
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