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The social cost of decentralization in regulation

Durand, Corentin
(2017)

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Details

Supervisors
Agrell, Per Joakim
Faculty
Louvain School of Management
Degree label
Master [120] en Ingénieur de gestion
Abstract
In 2014, the regulation of distribution tariffs in Belgium has been subject to major changes. The sixth State Reform has transferred this jurisdiction from a federal authority (CREG) to three regional institutions: CWaPE in Wallonia, VREG in Flanders and Brugel in Brussels-Capital. This transformation is called the decentralization of the regulation. Inspired from the Belgian case, we address in this thesis the theoretical impact of the decentralization for the operators, the consumers and the regulator(s). Mostly, we identify the effect on the benchmarking when a territory is partitioned into smaller subsets. In order to illustrate our insights, we have developed a quantitative model which uses DEA benchmarking. Based on a dataset containing operating details of 164 distributors in Sweden, we have simulated the partitioning of the dataset according four criteria: random, geographic, scale and ownership.