Rungsuriyawiboon, Supawat; Coelli, Tim - School of Economics, University of Queensland - 2004
In this paper we investigate the effect of the introduction of incentive regulation upon the total factor productivity (TFP) growth of electricity generation companies in the United States, using sample data on 61 firms observed over a 13-year period from 1986 to 1998. Empirical estimates of TFP...