Filippini, Massimo; Luchsinger, Cornelia - CER-ETH Center of Economic Research, Department of … - 2005
The paper considers the estimation of a translog cost function employing panel data for a sample of 43 Swiss hydropower companies, over the period of 1995-2002. The results of this analysis indicate the existence of economies of scale and density for most output levels. The basic novelty in this...