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We compare four different designs: the uniform yardstick, the unweighted uniform yardstick, the discriminatory yardstick, and the best-practice yardstick.
We show theoretically that for the best-practice yardstick, which is widely applied in several industries in a number of countries, these two mechanisms point in the same direction (high prices), which is confirmed by the experiment.
Or regulatory best practice?
Also best practice.
It's best practice.
This is not best practice.
What best practice is there?
All of the above contravene best practice.
Examples of best practice from employers.
And what best practice is emerging?
It is about learning from best practice.
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