Second International Conference on Public-Private Partnerships
Benchmarking as a Tool to Encourage Efficiency and Innovation in Granted Infrastructure—Mathematical Methods
Publication: Advances in Public-Private Partnerships
ABSTRACT
Based on comparisons between the advantages and disadvantages of the data envelopment analysis (DEA) and stochastic frontier analysis (SFA) mathematical methods, this paper propose a method to calculate the efficiency component of the fare reviews when using the price-cap regulation in infrastructure concessions. At first, some concepts of benchmarking and regulatory methods that include efficiency analysis with a part of the regulation process are presented. Subsequently, the advantages and disadvantages in using DEA or SFA are analyzed in order to identify the benchmarking between infrastructure concessionaries. As a conclusion, a method to evaluate and compare efficiency between companies in the concessions field is proposed.
Get full access to this article
View all available purchase options and get full access to this chapter.
REFERENCES
Bogetoft, P. and Otto, L. (2011) Benchmarking with DEA, SFA and R. New York, Springer publishing house.
Burns, P., Jenkins, C. e Riechmann, C. (2005) The role of benchmarking for yardstick competition. Utilities Policy, 13, 302 – 309.
Cambini, C. and e Rondi, L. (2010) Incentive regulation and investment: evidence from European energy utilities. Journal of Regulatory Economics, 38, 1 – 26.
Charnes, A., Cooper, W. W. e Rhodes, E. (1978) Measuring the efficiency of decision making units. European Journal of Operational Research, 2, 429 – 444.
Cooper, W. W., Seiford, L. M.e Zhu, j. (2011) Handbook on Data Envelopment Analysis. New York, Springer publishing house.
Cowan, S. (2002) Price-cap regulation. Swedish Economic Policy Review, 9, 167 – 188.
IBNET (2014) The international benchmarking network for water and sanitation utilities. www.ib-net.org.
Kirkpatrick, C., Parker, D. e Zhang, Y. (2006) Foreign direct investment in infrastructure in developing countries: does regulation make a difference? Transnational Corporation, 15, 143 – 171.
Mátyás, L. and e Sevestre, P. (2008) The Econometrics of Panel Data. New York, Springer publishing house.
Medeiros, F. S., Senna, L. A. S. e Nodari, C. T. (2013) Methods to evaluate and compare efficiency in infrastructure and transportation concessions – An exploratory analysis. Global Business and Technology Association – Fifteenth Annual International Conference – GBATA 2013 Readings Book, 777 – 784.
Sappington, D. E. M. and e Weisman, D. L. (2010) Price cap regulation: what have we learned from 25 years of experience in the telecommunications industry? Journal of Regulatory Economics, 38, 227 – 257.
Senna, L. A. S. and e Michel, F. D. (2006) Rodovias auto-sustentadas: O desafio do século XXI. São Paulo, Editora CLA.
Vogelsang, I. (2002) Incentive Regulation and Competition in Public Utility Markets: A 20-year Perspective. Journal of Regulatory Economics, 22, 5 – 27.
Information & Authors
Information
Published In
Advances in Public-Private Partnerships
Pages: 633 - 640
Editors: Zhanmin Zhang, Ph.D., The University of Texas at Austin, Cesar Queiroz, Ph.D., N/A, and C. Michael Walton, Ph.D., The University of Texas at Austin
ISBN (Online): 978-0-7844-8026-7
Copyright
© 2016 American Society of Civil Engineers.
History
Published online: Jul 11, 2017
Published in print: Jul 11, 2017
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.