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 utili...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/02/8992718/regulatory-agencies-impact-firm-performance-social-welfare http://hdl.handle.net/10986/6373 |
| Summary: | 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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