In: Journal of Regulatory Economics, 2005, vol. 28, no. 1, p. 69-90
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In: Energy Economics, 2018, vol. 69, p. 325-334
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In: Annals of Public and Cooperative Economics, 2006, vol. 77, no. 3, p. 271–290
This paper explores the application of several panel data models in measuring productive efficiency of the electricity distribution sector. Stochastic Frontier Analysis has been used to estimate the cost-efficiency of 59 distribution utilities operating over a nine year period in Switzerland. The estimated coefficients and inefficiency scores are compared across three different panel data models....
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In: Journal of Regulatory Economics, 2005, vol. 28, no. 1, p. 69-90
The persistence of increasingly high government subsidies in Switzerland’s railroads has led the federal and cantonal authorities to discussing the possibility of high-powered incentive contracts such as those based on cost efficiency benchmarking. Railways are however, characterized by a high degree of unobserved heterogeneity that could bias the efficiency estimates. This paper examines the...
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This paper examines the performance of several panel data models to measure cost and scale efficiency in network industries. Network industries are characterized by a high degree of heterogeneity, much of which is network-specific and unobserved. The unaccounted-for heterogeneity can create bias in the inefficiency estimates. The stochastic frontier models that include additional firm-specific...
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