Testing regulatory consistency

Breunig, Robert and Menezes, Flavio M. (2008). Testing regulatory consistency. 380, School of Economics, University of Queensland.

Author Breunig, Robert
Menezes, Flavio M.
Title Testing regulatory consistency
School, Department or Centre School of Economics
Institution University of Queensland
Report Number 380
Publication date 2008
Language eng
Abstract/Summary We undertake an analysis of regulatory consistency using a database of publicly available regulatory decisions in Australia. We propose a simple exploratory model which allows us to test for regulatory consistency across jurisdictions and industries without detailed knowledge of the regulatory process. We compare two measures using our approach--the weighted average cost of capital and the proportion of firms’ revenue requirement claims disallowed by the regulator. We advocate use of the second measure, but our empirical results may be interpreted as indicating that a range of measures ought to be considered when assessing regulatory consistency.
Keyword Price regulation
Additional Notes http://www.uq.edu.au/economics/abstract/380.pdf

Document type: Working Paper
Collection: School of Economics Publications
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Created: Fri, 27 Feb 2015, 14:16:10 EST by Tammy Crealy on behalf of School of Economics