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Testing Regulatory Consistency

Breunig, Robert; Menzies , Flavio


We undertake an analysis of regulatory consistency using a database of publicly available regulatory decisions in Australia. We propose a simple exploratory model which allows us to test for regulatory consistency across jurisdictions and industries without detailed knowledge of the regulatory process. We compare two measures using our approach-the weighted average cost of capital (WACC) and the proportion of firms' revenue requirement claims disallowed by the regulator. Our comparison suggests...[Show more]

CollectionsANU Research Publications
Date published: 2011
Type: Journal article
Source: Contemporary Economic Policy
DOI: 10.1111/j.1465-7287.2010.00249.x


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