A Productivity Analysis in the Electricity Generation Industry: Productivity and Efficiency Analysis of Privatized Hydroelectric Generation Industry with a Sometimes Free Input - Image 1

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VDM Verlag A Productivity Analysis in the Electricity Generation Industry: Productivity and Efficiency Analysis of Privatized Hydroelectric Generation Industry with a Sometimes Free Input

Name: A Productivity Analysis in the Electricity Generation Industry: Productivity and Efficiency Analysis of Privatized Hydroelectric Generation Industry with a Sometimes Free Input
Brand: VDM Verlag
Price: 61.0 GBP
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Industrial Archaeology

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This unique work uses a stochastic distance frontier approach to assess the performance of Chile?s hydroelectric industry, which operates within a regulatory framework designed to achieve a competitive outcome. An occasionally free input, water, is the sole energy input. The econometric analysis indicates substantial technical and allocative inefficiencies as well as volatile productivity scores, due presumably to the volatility of the energy input. Some allocative inefficiencies have diminished dramatically as the time under deregulation has grown. The Lerner index suggests that firms in the industry enjoy some degree of market power, reflected by prices that exceed marginal costs. This market power is consistent with operation within a centralized dispatch center, as predicted by a strategic bidding model. It is found that run-of-river plants exhibit increasing returns to scale, while plants relying on dams show slightly diminishing returns. The shadow marginal cost for run-of-river plants is found to be close to zero. Substantial cost savings could be realized if firms in Chile?s hydro-electric generation industry were to operate efficiently.

Product Specifications

Brand: VDM Verlag
Format: paperback
ASIN: 3639158911
Category: Books > Subjects > Politics, Philosophy & Social Sciences > Social Sciences > Archaeology > Industrial Archaeology
Domain: Amazon UK
Release Date: 01 April 2010
Listed Since: 05 April 2010

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VDM Verlag A Productivity Analysis in the Electricity Generation Industry: Productivity and Efficiency Analysis of Privatized Hydroelectric Generation Industry with a Sometimes Free Input

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It has never been this cheap. We have no record of a lower price.

VDM Verlag A Productivity Analysis in the Electricity Generation Industry: Productivity and Efficiency Analysis of Privatized Hydroelectric Generation Industry with a Sometimes Free Input

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