Technological externalities and economies of vertical integration in the electric utility industry

International Journal of Industrial Organization

Volumn 22, Issue 1, 2004, Pages 67-81

  Nemoto, Jiro ^a   Goto, Mika ^b  

^a NAGOYA UNIVERSITY   (Japan)

^b CENTRAL RESEARCH INSTITUTE OF ELECTRIC POWER INDUSTRY   (Japan)

Author keywords

Allocative inefficiency; Economies of vertical integration; Electric utility industry; Shadow cost function

Indexed keywords

COSTS; ELECTRIC INDUSTRY; ELECTRIC POWER GENERATION; ELECTRIC POWER TRANSMISSION; ELECTRIC UTILITIES; PUBLIC POLICY; REGULATORY COMPLIANCE; TECHNOLOGY TRANSFER;

ALLOCATIVE EFFICIENCY; SHADOW COST FUNCTION; VERTICAL INTEGRATION;

INDUSTRIAL ECONOMICS;

EID: 0346962784     PISSN: 01677187     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0167-7187(03)00091-2     Document Type: Article

References (14)

1. Atkinson S.E., Halvorsen R. Parametric efficiency tests, economies of scale, and input demand in US electric power generation. International Economic Review. 25:1984;647-662.
2. Cowing T.G., Stevenson R.E., Small J. Comparative measures of total factor productivity in the regulated sector: the electric utility industry. Cowing T.G., Stevenson R.E. Productivity Measurement in Regulated Industries. 1981;161-177 Academic Press.
3. Diewert, W.E., 1974. Applications of duality theory. In: Intriligator, M.D., Kendrick, D.A. (Eds.), Frontiers of Quantitative Economics, Vol. II. North Holland, 106-171.
4. Diewert W.E., Wales T.J. Flexible functional forms and global curvature conditions. Econometrica. 55:1987;43-68.
5. Färe R., Logan J. Regulation, scale and productivity: a comment. International Economic Review. 27:1986;777-781.
6. Kaserman D.L., Mayo J.W. The measurement of vertical economies and the efficient structure of the electric utility industry. Journal of Industrial Economics. 34:1991;483-502.
7. Gilsdorf K. Vertical integration efficiencies and electric utilities: a cost complementarity perspective. Quarterly Review of Economics and Finance. 34:(3):1994;261-282.
8. Gilsdorf K. Testing for subadditivity of vertically integrated electric utilities. Southern Economic Journal. 62:1995;126-138.
9. Hayashi P.M., Goo J.Y.-J., Chamberlain W.C. Vertical economies: the case of US electric utility industry, 1983-1987. Southern Economic Journal. 63:(3):1997;710-725.
10. Kumbhakar S.C. Allocative distortions, technical progress, and input demand in US airlines: 1970-1984. International Economic Review. 33:(3):1992;723-737.
11. Kumbhakar S.C. A multiproduct symmetric generalized McFadden cost function. Journal of Productivity Analysis. 5:1994;349-357.
12. Lasserre P., Ouellette P. Rate-of-return regulated cost function, Shephard's lemma and curvature properties. Economics Letters. 25:1987;307-310.
13. Lee B.-J. Separability test for the electricity supply industry. Journal of Applied Econometrics. 10:1995;49-60.
14. Nelson R.A., Wohar M.E. Regulation, scale economies, and productivity in steam-electric generation. International Economic Review. 24:1983;1983.