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Title

In the shadow of sunshine regulation: considering disclosure biases
Author
Bolognesi, Thomas
Presented at Florence School of Regulation 6th Conference on the Regulation of Infrastructure. Florence (Italy) - 16th - . 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
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Structures
Centres et instituts / Institut des sciences de l'environnement
Faculté des sciences de la société / Département de science politique et relations internationales
Faculté des sciences de la société / Institut de la gouvernance de l'environnement et du développement territorial
Research group Pôle/Institut Gouvernance de l'environnement et développement territorial (PI-GEDT)
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. https://archive-ouverte.unige.ch/unige:95182

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Deposited on : 2017-06-29

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