• Home
  1. Home
  2. In the shadow of sunshine regulation: considering disclosure biases
Conference presentation
OA Policy
English

In the shadow of sunshine regulation: considering disclosure biases

Contributors

Bolognesi, Thomas

Presented at

Florence School of Regulation 6th Conference on the Regulation of Infrastructure, Florence (Italy), 16th

Publication date

2017

Abstract

Information asymmetries and principal-agent relations are crucial issues in network industries regulation. Therefore, besides incentive-based regulations, regulators developed tools dedicated to reveal hidden information and make “regulation smart”. In their very essence, these tools consist in benchmarking services and differ according to the use of benchmarking outputs. In this contribution, we consider performance measurement and sunshine regulation because of a discrepancy between literature and practices. Most of the empirical assessments conclude impacts of sunshine regulation on service performance are not significant while in policies the use of benchmarking increase. Instead of focussing on impacts, we look at the process of disclosure in sunshine regulation arguing that this process is subject to biases avoiding robust analysis of impacts. We assume there are three types of behaviour that cause these biases: opportunism, transaction costs minimisation and pro-social motivations. Our dataset combines 795 observations and results confirm impacts of opportunism and pro-social motivations while we find no persuasive evidence of the impacts of the complexity of indicators calculation.

Keywords

  • Regulation
  • Disclosure
  • Performance management
  • Public management, Organisation

Note

JEL Codes: L51, L95, D23, D78, K42

UNIGE affiliation entities

UNIGE research groups

Citation (ISO format)

BOLOGNESI, Thomas. In the shadow of sunshine regulation: considering disclosure biases. In: Florence School of Regulation 6th Conference on the Regulation of Infrastructure. Florence (Italy). 2017.

Main files (1)

Presentation

Identifiers

  • PID : unige:95182
567views
243downloads

Technical informations

Creation

21/06/2017 11:22:00

First validation

21/06/2017 11:22:00

Update

15/03/2023 01:48:58

Status update

15/03/2023 01:48:57

Last indexation

31/10/2024 07:16:42
All rights reserved by Archive ouverte UNIGE and the University of Geneva
OpenAIRE Indexed & Validated