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Productive efficiency and ownership when market restructuring affects production technologies

Cullmann, Astrid; Nieswand, Maria; Rechlitz, Julia - 2017

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

Measuring Demand Responses to Wholesale Electricity Prices Using Market Power Indices

Genc, Talat - 2016

We investigate wholesale demand response to hourly price movements in the Ontario wholesale electricity market using detailed generator and market level data. We calculate hourly market power measures such as the Lerner Index and the Residual Supplier Index, which are utilized in a Cournot...

Persistent link: https://www.econbiz.de/10012995788

Measuring productivity when technologies are heterogeneous : a semi-parametric approach for electricity generation

Seifert, Stefan - 2015

While productivity growth in electricity generation is associated with multiple positive effects from an economic and … environmental perspective, measuring it is challenging. This paper proposes a framework to estimate and decompose productivity … estimation based on stochastic non-smooth envelopment of data (StoNED) allows for productivity estimation with few microeconomic …

Persistent link: https://www.econbiz.de/10011392214

Measuring Productivity When Technologies are Heterogeneous : A Semi-Parametric Approach for Electricity Generation

Seifert, Stefan - 2015

Persistent link: https://www.econbiz.de/10013010975

Institutional shareholding, common ownership and productivity : A cross-country analysis

Bas, Maria - 2023

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

Stochastic Semi-Nonparametric Efficiency Analysis of Electricity Distribution Networks : Application of the StoNED Method in the Finnish Regulatory Model

Kuosmanen, Timo - 2011

Electricity distribution network is a prime example of a natural local monopoly. In many countries, electricity distribution is regulated by the government. In Finland, the regulator estimates the efficient cost frontier using the data envelopment analysis (DEA) and stochastic frontier analysis...

Persistent link: https://www.econbiz.de/10014183631

Investigating Technical and Ecological Efficiencies in the Electricity Generation Industry : Are There Win-Win Opportunities?

Sarkis, Joseph; Cordeiro, James - 2008

Using data from the EPA's EGRID and Clean Air Markets databases, we investigate the energy (technical) and emissions (ecological) efficiencies of 437 of the largest U.S. electricity generators. We focus on fossil-fuel based electricity generating plants because of their significant impact on...

Persistent link: https://www.econbiz.de/10014049463

Vertical Integration and Capacity Competition in Electricity Markets

Walshaw, Rowan; Meagher, Kieron - 2008

This paper characterises the impact of vertical integration on price equilibria and incentives to strategically withhold capacity in a wholesale electricity auction. A two-stage game is analysed where vertically integrated firms first declare the quantity of electricity available and then...

Persistent link: https://www.econbiz.de/10014214770

A stochastic discrete choice dynamic programming model of power plant operations and retirement

Çam, Eren; Hinkel, Niklas; Schönfisch, Max - 2022

We present a methodology to estimate fixed cost parameters relevant to the decision to operate, mothballor retire an open-cycle gas turbine (OCGT) using a dynamic discrete choice model, based on fuel andelectricity prices, as well as technical data and the operational status of OCGTs in the PJM...

Persistent link: https://www.econbiz.de/10012820376

Benchmarking heterogeneous distribution system operators : evidence from Norway

Elias, George - 2016

Regulatory authorities in the European electricity sector use benchmarking techniques to determine the cost-efficient production level for an incentive regulation of distribution system operators (DSOs). With nearly 900 DSOs operating in the German electricity sector, of which 200 subject to...

Persistent link: https://www.econbiz.de/10011448121