Chaudhuri, Prabal Ray; Vishvanathan, Uma - In: Indian Economic Review 29 (1994) January, pp. 57-69
The problem of unprofitable, as well as inefficient generation of electricity is attributed among other reasons, to the one-part tariff charged by the central electricity generating units from the state electricity boards (SEBs). We argue that the objective function of the SEBs depends on the...