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.6653943832-610072018-09-10T04:11:16Z Dynamic efficiency estimation: An application to U.S. electric utilities Supawat Rungsuriyawiboon Spiro E. Stefanou Decision Sciences Economics, Econometrics and Finance Mathematics Social Sciences 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. 2018-09-10T04:02:44Z 2018-09-10T04:02:44Z 2007-04-01 Journal 07350015 2-s2.0-34248575832 10.1198/073500106000000288 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=34248575832&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/61007 |
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Decision Sciences Economics, Econometrics and Finance Mathematics Social Sciences Supawat Rungsuriyawiboon Spiro E. Stefanou Dynamic efficiency estimation: An application to U.S. electric utilities |
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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. |
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Supawat Rungsuriyawiboon Spiro E. Stefanou |
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Supawat Rungsuriyawiboon Spiro E. Stefanou |
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Supawat Rungsuriyawiboon |
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 |
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Dynamic efficiency estimation: An application to U.S. electric utilities |
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dynamic efficiency estimation: an application to u.s. electric utilities |
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2018 |
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https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=34248575832&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/61007 |
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