Incentiveregulation激励性规制

《Incentiveregulation激励性规制》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、MethodsofRegulationRateofreturnIncentivesystemsRatefreezeRatebandsorrangesPriceCapsProblemswiththeRORmethod?Leadsto“goldplating”LackofincentivetobeefficientLackofincentivetobeinnovativePriceCapsRegulatepricemovement,insteadofcostAttempttocontrolcrosssu

2、bsidizationbycreatingbasketsofservicesRegulatehowpricesmovewithinabasketIntheory,wastocreateincentivetobeinnovativeandefficientbynotcontrollingearningsDidcontinuetomonitorearnings,howeverCreatedasharingmechanismPriceCapApproachUseofIndexingWhatareindex

3、esandhowdotheywork?Example:ConsumerPriceIndex(CPI)MarketbasketofconsumergoodsPricemonitoredoveraperiodoftimeConsumerpriceindexexampleYear1:marketbasketcosts$25Initializetheindexat100%Year2:marketbasketcosts$25.50Theindexis102%fromYear1Year3:marketbaske

4、tcosts$26.55Theindexis104%fromYear2Theindexis106.2%fromYear1PriceCapProcessFirstStepisthecalculationofPriceCapIndex(PCI)PCI=anindexofchangesininflation,carrierproductivityandanychangesbeyondthecarrier’scontrolPCInew=PCIlastyr+changeinGNP-PI–productivit

5、yoffset+(increaseofdecreasecausedbycostchanges)PCIexampleAssumethefollowing:Lastyear’sPCIwas101%ThechangeintheGrossNationalProduct-ProducerPriceIndexsincelastyearwas+5%Theproductivityoffsetis3%TherearenopertinentcostchangesPCInew=101%+5%-3%=103%Thenext

6、stepCalculatingtheActualPriceIndex(API)API=indexofproposedpricesweightedbybaseperioddemandandpricingAPIcannotbegreaterthanthePCIHowdoyoucalculatetheAPI?RefertothehandoutprovidedinclassThisisjusttocomplicatedtodoonaslideEffectsofPriceCapsExpeditedtariff

7、filingperiodReturntohistoricaldemanddataContinuedrelianceoncaponearnings,atleastforawhile;butcarriersdidgettokeepmoreoftheirearningsShiftedthediscussionawayfromcost—todemandGotawayfromapurelycostplusapproach