The static production efficiency model and the dynamic duality model of intertemporal decision making using a … econometric models of dynamic efficiency with intertemporal cost minimizing firm behavior. The dynamic efficiency model is a … of variable inputs. The dynamic efficiency model is implemented by using the Generalized Method of Moment (GMM …

In this paper we develop a theoretical model that links dynamic efficiency measurement and optimal investment under … static efficiency measurement literature it has been ignored so far in the context of dynamic efficiency measurement. This … paper targets at closing this gap. For that purpose we take up a dynamic efficiency model which embeds a stochastic …

This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … of the electricity market in the US as our case study, we find support for our theoretical predictions. Furthermore, we …

The existing literature on dynamic efficiency is deterministic and ignores uncertainty when deriving dynamic efficiency …-fixed factors. Here, we contribute to closing this gap by developing a model that takes the dynamic efficiency measurement and the … empirical evidence for the importance of considering uncertainty when deriving (dynamic) efficiency measures: neglecting …

The ongoing deregulation of electricity industries worldwide is providing incentives for microgrids to use small …. Although the electric-only efficiency of DG is lower than that of central-station production, relatively high tariff rates and …