Granderson, Gerald; Lovell, C. A. Knox - In: Southern Economic Journal 65 (1998) 1, pp. 83-97
We investigate the impact of rate-of-return regulation on the substitutability between pairs of inputs, where substitutability is measured using Morishima elasticities of substitution (MES), and on operating cost. Theory does not provide a qualitative characterization of the impact of regulation...