Farsi, Mehdi; Filippini, Massimo; Kuenzle, Michael - CER-ETH Center of Economic Research, Department of … - 2004
This paper studies the cost structure of gas distribution utilities in Switzerland. Three stochastic frontier models are applied to a panel of 26 companies operating from 1996 to 2000. Efficiency is assumed to be constant over time. The analysis highlights the importance of output...