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| ECON0937-1 | Activity, Analysis, Productivity and Regulation
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| Duration : | 30h Th |
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| Number of credits : |
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| Lecturer : | Sergio Perelman |
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Language(s) of instruction :
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| English language |
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Course contents :
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| Efficiency is at the core of many of the standard responsibilities assigned to regulators. The most common instance in which a government agency should be interested in measuring efficiency is when implementing some type of incentive-based regulation in a specific infrastructure sector. These types of regulatory regimes, such as price-cap regulation, aim at promoting efficiency among operators. Regulators may also be interested in implementing comparative efficiency evaluations to promote yardstick competition. In fact in most cases, the regulators have many objectives, many of which have something to do with various aspects of efficiency. |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Background in microeconomics and in econometrics. |
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Planned learning activities and teaching methods :
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| Sessions devoted to solve exercises using adapted software and data files. |
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Mode of delivery (face-to-face ; distance-learning) :
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| Why should regulators be interested in efficiency?
Some TFP measurement and decomposition methods
Performance measurement issues in regulation
An empirical example of price-cap regulation
Dealing with data concerns in practice
Choice of methodology
Capital Measurement |
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Recommended or required readings :
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| Coelli, T.J., Rao, D.S.P., O'Donnell, C.J., Battese, G.E., An Introduction to Efficiency and Productivity Analysis, 2nd edition, 2005, Springer.
Coelli, T.J., Estache, A., Perelman, S. and L. Trujillo, A Primer on Efficiency measurement for utilities and transport regulators, Economic Development Institute of The World Bank, 2003.
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Assessment methods and criteria :
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| Final examination and presentation of journal articles. |
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Contacts :
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| Professor: Sergio PERELMAN
Building B31, Office I.45
Phone 04 3663098
E-mail sergio.perelman@ulg.ac.be |
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