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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Main Authors: Supawat Rungsuriyawiboon, Spiro E. Stefanou
Format: Journal
Published: 2018
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http://cmuir.cmu.ac.th/jspui/handle/6653943832/61007
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Institution: Chiang Mai University
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spelling 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
institution Chiang Mai University
building Chiang Mai University Library
country Thailand
collection CMU Intellectual Repository
topic Decision Sciences
Economics, Econometrics and Finance
Mathematics
Social Sciences
spellingShingle Decision Sciences
Economics, Econometrics and Finance
Mathematics
Social Sciences
Supawat Rungsuriyawiboon
Spiro E. Stefanou
Dynamic efficiency estimation: An application to U.S. electric utilities
description 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 Journal
author Supawat Rungsuriyawiboon
Spiro E. Stefanou
author_facet Supawat Rungsuriyawiboon
Spiro E. Stefanou
author_sort 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
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 2018
url 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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