International benchmarking for monopoly price regulation: The case of Australian gas distribution

Carrington, R., Coelli, T. J. and Groom, E. (2002) International benchmarking for monopoly price regulation: The case of Australian gas distribution. Journal of Regulatory Economics., 21 2: 191-216. doi:10.1023/A:1014391824113


Author Carrington, R.
Coelli, T. J.
Groom, E.
Title International benchmarking for monopoly price regulation: The case of Australian gas distribution
Journal name Journal of Regulatory Economics.   Check publisher's open access policy
ISSN 0922-680X
Publication date 2002-03-01
Sub-type Article (original research)
DOI 10.1023/A:1014391824113
Open Access Status
Volume 21
Issue 2
Start page 191
End page 216
Total pages 26
Place of publication Boston, Mass
Publisher Kluwer Academic
Language eng
Subject 140209 Industry Economics and Industrial Organisation
140301 Cross-Sectional Analysis
Abstract Price-cap regulation is widely applied to network industries. However, regulators often encounter the problem of asymmetric information on efficient costs. Benchmarking can help reduce this problem. We present a benchmarking analysis, conducted for an Australian regulator, that derives measures of efficiency for Australian gas distributors relative to U.S. counterparts. Several techniques, such as data envelopment analysis and stochastic frontier analysis, are used to ensure that our measures are robust to methodology choice. We conclude with a discussion of how the regulator used the benchmarking results, along with other information, to help it determine appropriate price caps.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collections: Faculty of Business, Economics and Law -- Publications
Excellence in Research Australia (ERA) - Collection
 
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Citation counts: TR Web of Science Citation Count  Cited 28 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 33 times in Scopus Article | Citations
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