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...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2002/10/2040834/case-international-coordination-electricity-regulation-evidence-measurement-efficiency-south-america http://hdl.handle.net/10986/19211 |
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okr-10986-192112021-04-23T14:03:42Z The Case for International Coordination of Electricity Regulation : Evidence from the Measurement of Efficiency in South America Estache, Antonio Rossi, Martin A. Ruzzier, Christian A. AREA BENCHMARK BENCHMARKING BENCHMARKS BURNS CONSTANT RETURNS TO SCALE CONSUMERS ECONOMIC CONDITIONS ECONOMISTS ELASTICITIES ELASTICITY ELECTRICITY GENERATION EMPIRICAL STUDIES EQUILIBRIUM FUNCTIONAL FORMS GNP GNP PER CAPITA INEFFICIENCY INTERNATIONAL COMPARISONS MEDIA MODELING MONOPOLIES MOTIVATION NASH EQUILIBRIUM OPPORTUNITY COST OPTIMIZATION POLICY DECISIONS PPP PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PROFIT MAXIMIZATION PURCHASING POWER REDUNDANCY REGULATORY POLICY RETURNS TO SCALE VIS ELECTRIFICATION REGULATORY FRAMEWORK MONOPOLIES INFORMATION DISSEMINATION INCENTIVES PERFORMANCE INCENTIVES EFFICIENCY IMPROVEMENTS POWER DISTRIBUTION REGULATORY REFORM ELASTICITY (ECONOMIC) RETURNS TO SCALE 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. The authors 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. 2014-08-01T18:51:36Z 2014-08-01T18:51:36Z 2002-10 http://documents.worldbank.org/curated/en/2002/10/2040834/case-international-coordination-electricity-regulation-evidence-measurement-efficiency-south-america http://hdl.handle.net/10986/19211 English en_US Policy Research Working Paper;No. 2907 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean South America |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AREA BENCHMARK BENCHMARKING BENCHMARKS BURNS CONSTANT RETURNS TO SCALE CONSUMERS ECONOMIC CONDITIONS ECONOMISTS ELASTICITIES ELASTICITY ELECTRICITY GENERATION EMPIRICAL STUDIES EQUILIBRIUM FUNCTIONAL FORMS GNP GNP PER CAPITA INEFFICIENCY INTERNATIONAL COMPARISONS MEDIA MODELING MONOPOLIES MOTIVATION NASH EQUILIBRIUM OPPORTUNITY COST OPTIMIZATION POLICY DECISIONS PPP PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PROFIT MAXIMIZATION PURCHASING POWER REDUNDANCY REGULATORY POLICY RETURNS TO SCALE VIS ELECTRIFICATION REGULATORY FRAMEWORK MONOPOLIES INFORMATION DISSEMINATION INCENTIVES PERFORMANCE INCENTIVES EFFICIENCY IMPROVEMENTS POWER DISTRIBUTION REGULATORY REFORM ELASTICITY (ECONOMIC) RETURNS TO SCALE |
| spellingShingle |
AREA BENCHMARK BENCHMARKING BENCHMARKS BURNS CONSTANT RETURNS TO SCALE CONSUMERS ECONOMIC CONDITIONS ECONOMISTS ELASTICITIES ELASTICITY ELECTRICITY GENERATION EMPIRICAL STUDIES EQUILIBRIUM FUNCTIONAL FORMS GNP GNP PER CAPITA INEFFICIENCY INTERNATIONAL COMPARISONS MEDIA MODELING MONOPOLIES MOTIVATION NASH EQUILIBRIUM OPPORTUNITY COST OPTIMIZATION POLICY DECISIONS PPP PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PROFIT MAXIMIZATION PURCHASING POWER REDUNDANCY REGULATORY POLICY RETURNS TO SCALE VIS ELECTRIFICATION REGULATORY FRAMEWORK MONOPOLIES INFORMATION DISSEMINATION INCENTIVES PERFORMANCE INCENTIVES EFFICIENCY IMPROVEMENTS POWER DISTRIBUTION REGULATORY REFORM ELASTICITY (ECONOMIC) RETURNS TO SCALE Estache, Antonio Rossi, Martin A. Ruzzier, Christian A. The Case for International Coordination of Electricity Regulation : Evidence from the Measurement of Efficiency in South America |
| geographic_facet |
Latin America & Caribbean South America |
| relation |
Policy Research Working Paper;No. 2907 |
| description |
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. The authors 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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Estache, Antonio Rossi, Martin A. Ruzzier, Christian A. |
| author_facet |
Estache, Antonio Rossi, Martin A. Ruzzier, Christian A. |
| author_sort |
Estache, Antonio |
| title |
The Case for International Coordination of Electricity Regulation : Evidence from the Measurement of Efficiency in South America |
| title_short |
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 |
| title_fullStr |
The Case for International Coordination of Electricity Regulation : Evidence from the Measurement of Efficiency in South America |
| title_full_unstemmed |
The Case for International Coordination of Electricity Regulation : Evidence from the Measurement of Efficiency in South America |
| title_sort |
case for international coordination of electricity regulation : evidence from the measurement of efficiency in south america |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2002/10/2040834/case-international-coordination-electricity-regulation-evidence-measurement-efficiency-south-america http://hdl.handle.net/10986/19211 |
| _version_ |
1764439365616926720 |