Alternative regulatory methods and firm efficiency: Stochastic frontier evidence from the US electricity industry
成果类型：
Article
署名作者：
Knittel, CR
署名单位：
University of California System; University of California Davis
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.1162/003465302320259529
发表日期：
2002-08
页码：
530-540
关键词：
摘要：
The use of incentive regulation and other alternative regulatory programs in U.S. electricity markets has grown during the past two decades. Within a stochastic frontier framework, I investigate the effect of individual programs on the technical efficiency of a large set of coal and natural gas generation units. I find that those programs tied directly to generator performance and those that modify traditional fuel cost pass-through programs, to provide a greater incentive to reduce fuel costs, are associated with greater efficiency levels. Other programs have no statistical association with efficiency levels.
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