全球智库信息集成服务系统(G2TT): A Methodology to Propose the X-Factor in the Regulated English and Welsh Water And Sewerage Companies

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	A Methodology to Propose the X-Factor in the Regulated English and Welsh Water And Sewerage Companies
	Alexandros Maziotis; David S. Saal; Emmanuel Thanassoulis
发表日期	2013
出处	Climate Change and Sustainable Development
出版年	2013
语种	英语
摘要	The purpose of this paper is to develop a methodology which can be used to set X-factor under price cap schemes, when the number of observations is limited. We firstly apply a panel index approach across Water and Sewerage companies (WaSCs) over time to decompose unit-specific index number based productivity growth as a function of the productivity growth achieved by benchmark firms, and the catch-up to the benchmark firm achieved by less productive firms. We then calculate the potential productivity catch-up of laggard firms and an estimate of how the top performing company improved its productivity over time (technical change). Both estimates are used to propose X-factor for the industry over a particular period. The results indicated that significant gains in productivity occurred after 2000, when Ofwat set tighter price cap reviews in order to pass previous productivity benefits to consumers. However, average WaSC still needs to improve its productivity towards the benchmark firm (reduce their costs in real terms) by 2.69%, while the most productive firm needs to continue to improve its productivity by 0.95% over a period of five years. This technique is of great interest to researchers who are interested in developing comparative performance measurement under regulation and setting appropriate regulated prices when sample sizes are extremely limited.
特色分类	Q5
关键词	X-factor Productivity Decomposition Panel Index Numbers Regulation Water and Sewerage Industry
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/a-methodology-to-propose-the-x-factor-in-the-regulated-english-and-welsh-water-and-sewerage-companies/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118142
推荐引用方式 GB/T 7714	Alexandros Maziotis,David S. Saal,Emmanuel Thanassoulis. A Methodology to Propose the X-Factor in the Regulated English and Welsh Water And Sewerage Companies. 2013.

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文件名称/大小	资源类型	版本类型	开放类型	使用许可
2013219948221Nota_di（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
2013219950244NDL2013（701KB）	智库出版物		限制开放	CC BY-NC-SA	浏览