China's electricity sector has experienced substantial efficiency improvement during the last one and a half decades …. The recent literature has mostly attributed the efficiency improvement to the 2002 unbundling reform with little attention … contributed at least half of the observed efficiency improvement during this period. The results have significant implications for …

The static production efficiency model and the dynamic duality model of intertemporal decision making using a … inputs. Finally, the results suggest evidence of increasing returns to scale in the production of the electricity industry … econometric models of dynamic efficiency with intertemporal cost minimizing firm behavior. The dynamic efficiency model is a …

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market … operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is …. It is shown that high market efficiency is generally attained, and that market microstructure is strongly predictive for …

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market … operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is … microstructure is strongly predictive for the relative market power of buyers and sellers, and that high market efficiency is …

hospital. We provide a relationship between capacity utilization, productive efficiency, and the cost of empty beds, and then …. Recent empirical studies which account for the endogeneity of reserve capacity produce high estimates of these costs, while … the controversy. The cost of excess bed capacity will depend upon staffing levels of different types of labor in the …