Generating efficiency: Economic and environmental regulation of public and private electricity generators in Spain

Arocena, Pablo and Waddams Price, Catherine (2002) Generating efficiency: Economic and environmental regulation of public and private electricity generators in Spain. International Journal of Industrial Organization, 20 (1). pp. 41-69. ISSN 0167-7187

Full text not available from this repository. (Request a copy)

Abstract

Economic regulation of firms with market power has placed increasing emphasis on incentive-based regulation such as price caps. We focus on the effect of regulation as distinct from ownership, and identify the effect of two different regulatory schemes on both publicly and privately owned Spanish electricity generators. Publicly owned generators were more efficient under cost of service regulation; private (but not public) firms responded to incentive regulation by increasing efficiency, bringing their productivity to similar levels. We introduce some novelty in modelling efficiency, including three pollutants and declared plant availability as outputs, and we test for the effect of environmental regulation in reducing pollutants.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences Faculty of Social Sciences > Norwich Business School
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Responsible Business Regulation Group Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User:	Vishal Gautam
Date Deposited:	01 Jan 2002
Last Modified:	27 Oct 2023 00:41
URI:	https://ueaeprints.uea.ac.uk/id/eprint/16690
DOI:	10.1016/S0167-7187(00)00073-4

Actions (login required)

View Item