Reform, not revolution, is what is needed now for yardstick competition

dc.contributor.author	CROCIONI, Pietro
dc.contributor.author	SILOS RIBAS, Mateo
dc.date.accessioned	2024-05-27T12:56:09Z
dc.date.available	2024-05-27T12:56:09Z
dc.date.issued	2024
dc.identifier.issn	1028-3625
dc.identifier.uri	https://hdl.handle.net/1814/76888
dc.description.abstract	Yardstick competition as an approach 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.	en
dc.format.mimetype	application/pdf	en
dc.language.iso	en	en
dc.publisher	European University Institute	en
dc.relation.ispartofseries	EUI	en
dc.relation.ispartofseries	RSC	en
dc.relation.ispartofseries	Working Paper	en
dc.relation.ispartofseries	2024/18	en
dc.relation.ispartofseries	Centre for a Digital Society	en
dc.rights	info:eu-repo/semantics/openAccess	en
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	*
dc.subject	Yardstick competition	en
dc.subject	Cost benchmarking	en
dc.subject	Local monopoly	en
dc.subject	Water	en
dc.subject	UK	en
dc.subject	Ofwat	en
dc.title	Reform, not revolution, is what is needed now for yardstick competition	en
dc.type	Working Paper	en
dc.rights.license	Attribution 4.0 International	*

Except where otherwise noted, this item's license is described as Attribution 4.0 International