Price cap regulation;
Telecommunications;
Electricity;
INCENTIVE REGULATION;
X-FACTOR;
EXPERIENCE;
RETURN;
D O I:
10.1007/s11149-016-9295-5
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
Price cap regulation (PCR) has experienced widespread adoption in the U.S. telecommunications industry, but not in the electricity sector. We suggest that these disparate experiences may reflect in part the manner in which PCR often is implemented in the U.S., relatively limited opportunity for "regulatory bargains" in the electricity sector, and relatively limited competition in the transmission and distribution components of this sector.