Reform, Not Revolution, is What is Needed Now for Yardstick Competition

IF 0.9 4区经济学 Q3 ECONOMICS

Review of Network Economics Pub Date : 2024-08-07 DOI:10.1515/rne-2024-0019

Pietro Crocioni, Mateo Silos Ribas

引用次数: 0

Abstract

Yardstick competition as a tool to set the prices of regional natural monopolies is now an established tool. After 30 years of application to the water industry in England and Wales, this article takes a critical look at how yardstick competition has been implemented in the latest Price Review 2019 (PR19). It proposes reforms to ensure that in the next Price Review 2024 (PR24) and/or beyond the efficiency challenges are appropriately set and the degree of information at the regulator’s disposal is maximised.

查看原文本刊更多论文

现在需要的是改革，而非革命，以衡量标准进行竞争

作为确定地区性自然垄断价格的一种工具，尺度竞争现已成为一种既定工具。在英格兰和威尔士的水行业应用 30 年后，本文对最新的 2019 年价格审查（PR19）中如何实施尺度竞争进行了批判性审视。文章提出了改革建议，以确保在下一次 2024 年价格审查（PR24）和/或以后的价格审查中适当设定效率挑战，并最大限度地扩大监管机构掌握的信息量。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Review of Network Economics ECONOMICS-

CiteScore

0.90

自引率

0.00%

发文量

期刊介绍： The Review of Network Economics seeks to help policy makers, academics, and practitioners keep informed of new research and policy debate in network economics and related subjects that are relevant to the study of network industries. By publishing high quality research on topical issues relevant to network industries, it is hoped readers will be able to gain a deeper understanding of the economic issues involved and that this will improve the quality of decision making by private and public organisations, and debate among researchers. The articles can cover specific network industries, or may deal with general issues that have relevance to a number of different network industries, including topics in the economics of networks, regulation, competition law, or industrial organisation. Papers that provide insights into policy debates are especially welcome, as are up-to-date surveys, book reviews, and comments.