Estimation of the X-Factor in CPI-X Regulation of the Western Australia Rail Industry
The X-factor in Consumer Price Index (CPI)-X or price-cap regulation performs two key roles. Firstly, it ensures that, while inflation does not result in erosion in the real prices regulated firms are permitted to charge, they do not unduly benefit by being able to appropriate all of the returns fr...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Ohio State University
2005
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| Online Access: | http://hdl.handle.net/20.500.11937/7688 |