Dynamic efficiency estimation: An application to U.S. electric utilities
The shadow cost approach is developed in the context of the dynamic duality model of intertemporal decision making to formulate theoretical and econometric models of dynamic efficiency. The dynamic efficiency model is applied to a panel of 72 U.S. major investor-owned electric utilities using fossil...
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th-cmuir.6653943832-12092014-08-29T09:20:20Z Dynamic efficiency estimation: An application to U.S. electric utilities Rungsuriyawiboon S. Stefanou S.E. The shadow cost approach is developed in the context of the dynamic duality model of intertemporal decision making to formulate theoretical and econometric models of dynamic efficiency. The dynamic efficiency model is applied to a panel of 72 U.S. major investor-owned electric utilities using fossil fuel-fired steam electric power generation over the period 1986-1999. The major results show that most electric utilities underutilized fuel relative to the aggregated labor and the maintenance input, and overutilized capital in production. States adopting a deregulation plan improve the performance of utilities in terms of the technical efficiency of variable inputs. ? 2007 American Statistical Association. 2014-08-29T09:20:20Z 2014-08-29T09:20:20Z 2007 Article 7350015 10.1198/073500106000000288 http://www.scopus.com/inward/record.url?eid=2-s2.0-34248575832&partnerID=40&md5=65f1d14f06dbe3b8648595ccdbfe3a74 http://cmuir.cmu.ac.th/handle/6653943832/1209 English |
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The shadow cost approach is developed in the context of the dynamic duality model of intertemporal decision making to formulate theoretical and econometric models of dynamic efficiency. The dynamic efficiency model is applied to a panel of 72 U.S. major investor-owned electric utilities using fossil fuel-fired steam electric power generation over the period 1986-1999. The major results show that most electric utilities underutilized fuel relative to the aggregated labor and the maintenance input, and overutilized capital in production. States adopting a deregulation plan improve the performance of utilities in terms of the technical efficiency of variable inputs. ? 2007 American Statistical Association. |
| format |
Article |
| author |
Rungsuriyawiboon S. Stefanou S.E. |
| spellingShingle |
Rungsuriyawiboon S. Stefanou S.E. Dynamic efficiency estimation: An application to U.S. electric utilities |
| author_facet |
Rungsuriyawiboon S. Stefanou S.E. |
| author_sort |
Rungsuriyawiboon S. |
| title |
Dynamic efficiency estimation: An application to U.S. electric utilities |
| title_short |
Dynamic efficiency estimation: An application to U.S. electric utilities |
| title_full |
Dynamic efficiency estimation: An application to U.S. electric utilities |
| title_fullStr |
Dynamic efficiency estimation: An application to U.S. electric utilities |
| title_full_unstemmed |
Dynamic efficiency estimation: An application to U.S. electric utilities |
| title_sort |
dynamic efficiency estimation: an application to u.s. electric utilities |
| publishDate |
2014 |
| url |
http://www.scopus.com/inward/record.url?eid=2-s2.0-34248575832&partnerID=40&md5=65f1d14f06dbe3b8648595ccdbfe3a74 http://cmuir.cmu.ac.th/handle/6653943832/1209 |
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1681419627751538688 |