A Primer on Efficiency Measurement for Utilities and Transport Regulators
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Washington, DC: World Bank
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This book is intended to help regulators
learn about the tools needed to measure efficiency. It is
based on lecture notes from courses the World Bank Institute
offers in English, French and Spanish throughout the
developing world and has benefited from feedback received
during those courses. It provides an overview of the various
dimensions of efficiency that regulators should be concerned
with. It also summarizes the main quantification techniques
available to facilitate decisions in the most common
regulatory processes. The issues covered should be of
particular interest to those policymakers and regulators
interested in measuring relative efficiency and in
implementing any incentive-based regulatory mechanism that
requires the measurement of efficiency, such as price caps,
revenue caps, or yardstick competition. The book focuses on
methodology selection, data collection, and related issues.
It provides readers with all the conceptual tools they need
to make real-life decisions. It is also supported by a web
site from which readers can download software they can use
to implement the techniques described.
Palabras clave
ACCOUNTING, ACTUAL COSTS, AGING, ALLOCATIVE EFFICIENCY, ASSET PRICING, BENCHMARK, BENCHMARKING, BENCHMARKS, BURNS, CONSTANT RETURNS TO SCALE, CONSUMER PRICE INDEX, CONSUMERS, COST OF CAPITAL, CPI, DEREGULATION, DEVELOPMENT PLANNING, ECONOMETRICS, ECONOMIC ANALYSIS, ECONOMIC THEORY, EMPIRICAL ANALYSIS, INDEX NUMBERS, INEFFICIENCY, INFLATION, INFORMATION ASYMMETRIES, INPUT PRICES, MANDATES, MARGINAL COSTS, MARGINAL PRODUCTS, MARKET POWER, MICROECONOMICS, MONOPOLIES, NATURAL MONOPOLY, NORMAL PROFITS, POPULATION GROWTH, POTENTIAL OUTPUT, PRIVATIZATION, PRODUCERS, PRODUCTION FUNCTIONS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PUBLIC SERVICES, REGULATORY AUTHORITIES, REGULATORY REGIMES, RESEARCH PROJECTS, SAFETY, TECHNOLOGICAL PROGRESS, TELECOMMUNICATIONS, TOTAL FACTOR PRODUCTIVITY, TRANSPORT, VARIABLE COSTS, VARIABLE INPUTS, WATER SUPPLY, WEALTH TRANSPORT, REGULATIONS, METHODOLOGY, PERFORMANCE STANDARDS, COST FUNCTIONS, EFFICIENCY, DECISION MAKING, POLICY MAKING, DATA GATHERING, INFRASTRUCTURE, ELECTRICITY, WATER, SEWERAGE, TELECOMMUNICATIONS, ECONOMIC THEORY, ECONOMIC MODELS