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Can we measure Welfare? Dynamic Comparisons of Allocative Efficiency before and after the Introduction of Quality Regulation for Norwegian Electricity Distributors.

Burger, Anton and Geymüller, Philipp von (2008) Can we measure Welfare? Dynamic Comparisons of Allocative Efficiency before and after the Introduction of Quality Regulation for Norwegian Electricity Distributors. Working Papers / Research Institute for Regulatory Economics, 2008,4. Forschungsinstitut für Regulierungsökonomie, WU Vienna University of Economics and Business, Vienna.

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Abstract

We investigate empirically the usefulness of price-cap and quality regulation in terms of allocative efficiency and welfare. An analytical framework allows us to determine sufficient conditions for an increase in welfare. We propose Malmquist productivity indices and their decomposition to check the conditions and to see whether it was a better-solved trade off between quality and costs that caused the welfare increase. The application of this method to a representative sample of Norwegian distribution system operators yields strong evidence for a positive effect of quality regulation on welfare. (author's abstract)

Item Type: Paper
Keywords: Data envelopment analysis / Malmquist-indices / allocative efficiency / quality regulation / welfare
Classification Codes: RVK QR 300, QR 600
Divisions: Forschungsinstitute > Regulierungsökonomie
Depositing User: Repository Administrator
Date Deposited: 29 Mar 2010 09:48
Last Modified: 09 Jun 2015 01:10
URI: http://epub.wu.ac.at/id/eprint/624

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