An analysis of the Spanish electrical utility industry: Economies of scale, technological progress and efficiency

Energy Economics

Volumn 31, Issue 3, 2009, Pages 473-481

  Arcos, Angel ^a   de Toledo, Pablo Alvarez ^a  

^a UNIVERSITY OF SEVILLE   (Spain)

Author keywords

Company efficiency; Cost functions; Data panel; Economies of scale; Electrical utility industry; Natural monopoly; Spain; Technological progress

Indexed keywords

COMPETITION; COST FUNCTIONS; ECONOMICS;

COMPANY EFFICIENCY; DATA PANEL; ECONOMIES OF SCALE; ELECTRICAL UTILITY INDUSTRY; NATURAL MONOPOLY; SPAIN; TECHNOLOGICAL PROGRESS;

ELECTRIC NETWORK ANALYSIS;

ECONOMY OF SCALE; EFFICIENCY MEASUREMENT; ELECTRICITY INDUSTRY; ENERGY MARKET; MODEL TEST; REGULATORY FRAMEWORK; TECHNOLOGICAL DEVELOPMENT;

EURASIA; EUROPE; SOUTHERN EUROPE; SPAIN;

EID: 62949186805     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2009.01.016     Document Type: Article

References (19)

1. Al-mutairi N., and Burney N.A. Factor substitution and economies of scale and utilisation in Kuwait's crude oil industry. Energy Economics 24 (2002) 337-354
2. Christensen L.R., and Greene W.H. Economies of scale in us electric power generation. Journal of Political Economy 4 (1976) 655-676
3. Filippini M. Economies of scale and utilization in the Swiss electric power distribution industry. Applied Economics 28 (1996) 543-550
4. Filippini M., and Wild J. Regional differences in electricity distribution costs and their consequences for yardstick regulation of access prices. Energy Economics 23 (2001) 477-488
5. Gilsdorf K. Vertical integration efficiencies and electric utilities: a cost complementarily perspective. The Quarterly Review of Economics and Finance 34 (1994) 261-282
6. Greene W. Simultaneous estimation of factor substitution, economies of scale and non-neutral technical change. In: Dogramaci A. (Ed). Econometric Analyses of Productivity (1983), Kluwer-Nijo, Boston 121-144
7. Green R., and Newbery D. Competition in the electricity industry in England and Wales. Oxford Review of Economics Policy. 13 (1997) 27-46
8. Gutiérrez M., Arcos A., and y Gutiérrez E. Estudio sobre la evolución de los costes en el sector eléctrico nacional (1999), Asepelt España, Burgos
9. Huettner D.A., and Landon J.H. Electric utilities: scale economies and diseconomies. Southern Economic Journal, 44 (1977) 883-912
10. Jara-Díaz S., Ramos-Real F.J., and Martínez-Budría E. Economies of integration in the Spanish electricity industry using a multistage cost function. Energy Economics 26 (2004) 995-1013
11. Joskow P.L., and Schmalensee R. Markets for Power: An Analysis of Electric Utilities Deregulation (1983), MIT Press, Cambridge
12. Kumbhakar S.C. Efficiency estimation with heteroscedasticity in a panel data model. Applied Economics. 29 (1997) 379-386
13. Kwoka J.E. Electric Power Distribution Cost: Analysis and Implications for Restructuring (2001), American Public Power Association, Washington
14. Maloney M.T. Economies and diseconomies: estimating electricity cost functions. Review of Industrial Organization 19 (2001) 165-180
15. Martínez-Budría E., Jara-Díaz S., and Ramos-Real F.J. Adapting productivity theory to the quadratic cost function. An application to the Spanish electricity sector. Journal of Productivity Analysis 20 (2003) 213-229
16. Oh H.S., Lee D.J., and Song C.W. An analysis of the cost-structure of the telecommunication industry in Korea. Computer & Industrial Engineering 31 (1995) 719-724
17. Pascoe S. Estimation of cost functions in a data poor environment: the case of capacity estimation in fisheries. Applied Economics 39 (2007) 2643-2654
18. Sauer J. Economies of scale and firm size optimum in rural water supply. Water Resources Research 41 (2005) 1-13
19. Yatchew A. Scale economies in electricity distribution: a semi parametric analysis. Journal of Applied Econometrics 15 (2000) 187-210