用滚动激励计划激励受管制行业降低成本

IF 14.2 2区 经济学 Q1 ECONOMICS
Douglas C. Turner, David E.M. Sappington
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引用次数: 0

摘要

我们研究了在基于绩效的监管(PBR)下,增量滚动激励计划(IRIS)是否能促进创新。在IRIS下,无论何时实施成本削减,公司都将在整个PBR期限内获得成本削减所产生的增量利润。IRIS增强了在PBR计划结束时的创新激励,并确保立即实施已实现的成本降低。然而,在PBR计划的早期,IRIS会减少对创新的激励。总的来说,当受监管的公司延迟实施已实现的成本削减的能力有限时,IRIS通常会减少创新。更一般地说,综合信息系统可以促进创新。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Motivating cost reduction in regulated industries with rolling incentive schemes
We examine whether an incremental rolling incentive scheme (IRIS) can enhance innovation under performance based regulation (PBR). Under an IRIS, the firm is awarded for a full PBR term the incremental profit generated by a cost reduction regardless of when the cost reduction is implemented. An IRIS enhances incentives for innovation toward the end of a PBR plan and also ensures immediate implementation of achieved cost reductions. However, an IRIS can reduce incentives for innovation early in a PBR plan. On balance, an IRIS often reduces innovation when the regulated firm has limited ability to delay the implementation of achieved cost reductions. More generally, an IRIS can enhance innovation.
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来源期刊
Energy Economics
Energy Economics ECONOMICS-
CiteScore
18.60
自引率
12.50%
发文量
524
期刊介绍: Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.
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