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This paper, which is one of the first to estimate productivity in retail electricity for a European country after … services as the main inputs. A structural model is used with a proxy function for productivity to overcome the endogeneity of … input choice. Ownership is controlled for in the law of motion for productivity. The results of the dataset used to validate …
Persistent link: https://www.econbiz.de/10011392296
versus private ownership and the quality of institutions as determinants of productivity. While earlier literature has … lower productivity than under private ownership, here we focus on the role of institutions as an external governance … than their private counterparts (a result robust to different productivity measures), but we also discover two new facts …
Persistent link: https://www.econbiz.de/10013000278
This paper, which is one of the first to estimate productivity in retail electricity for a European country after … services as the main inputs. A structural model is used with a proxy function for productivity to overcome the endogeneity of … input choice. Ownership is controlled for in the law of motion for productivity. The results of the dataset used to validate …
Persistent link: https://www.econbiz.de/10013010961
While the link between the ownership and productive efficiency of firms has been discussed extensively, no consensus exists regarding the superiority of one or the other in non-competitive, regulated environments. This paper applies a flexible production model to test for efficiency differences...
Persistent link: https://www.econbiz.de/10011595498
Several countries around the world have introduced reforms to the electric power sector. One important element of these reforms is the introduction of an unbundling process, i.e., the separation of the competitive activities of supply and production from the monopole activity of transmission and...
Persistent link: https://www.econbiz.de/10009743731
productivity performance of firms from a catching-up country (Poland) and a leader economy (Germany). Domestic owned firms are less …, the foreign ownership productivity premium decreases, leading to productivity catching up between foreign and domestic … firms' productivity performance is more stable along the GVC distribution. …
Persistent link: https://www.econbiz.de/10013257645
consequences of these transformations on firm's productivity, using granular data on firms financial and ownership structure as … major concern from a productivity standpoint: firms displaying higher institutional ownership tend to have higher … productivity levels and growth rates compared to their peers, though the positive relationship tends to vanish when institutional …
Persistent link: https://www.econbiz.de/10014435855
Persistent link: https://www.econbiz.de/10013449280
In der aktuellen Debatte zur Rekommunalisierung von Stromanbietern wird häufig das Argument der sicheren Versorgung zu niedrigen Preisen von Vertretern öffentlicher Eigentümer angeführt. Während die sichere Belieferung mit Strom im Rahmen der Grundversorgung gesetzlich vorgeschrieben ist,...
Persistent link: https://www.econbiz.de/10008702243
Electricity reform typically involves little regard to the possibility that customer ownership might substitute for the "protections" of state ownership, or for investor ownership under regulatory safeguards, where market power is a concern. Recognising that regulation is itself costly, and that...
Persistent link: https://www.econbiz.de/10014062279