• Finding the Right Yardstick: Regulation under Heterogeneous Environments 

      Bjørndal, Endre; Bjørndal, Mette; Cullmann, Astrid; Nieswand, Maria (Discussion paper;4/16, Working paper, 2016-02-25)
      Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when regulating natural monopolies. One example is the European energy sector, where benchmarking methods are ...