Cost efficiency of Japanese steam power generation companies: A Bayesian comparison of random and fixed frontier models

被引：12

作者：

Assaf, A. George ^{[1
]}

Barros, Carlos Pestana ^{[2
]}

Managi, Shunsuke ^{[3
]}

机构：

[1] Univ Massachusetts, Isenberg Sch Management, Amherst, MA 01002 USA

[2] Univ Tecn Lisboa, Inst Super Econ & Gestao, P-1249078 Lisbon, Portugal

[3] Tohoku Univ, Grad Sch Environm Studies, Aoba Ku, Sendai, Miyagi 9808579, Japan

来源：

APPLIED ENERGY | 2011年 / 88卷 / 04期

关键词：

Japan; Steam power generating companies; Random frontier model; Fixed frontier model; Bayesian; ELECTRICITY DISTRIBUTION; TECHNICAL EFFICIENCY; EMPIRICAL-ANALYSIS; PRODUCTIVITY; BENCHMARKING; DEREGULATION; PERFORMANCE; PLANTS;

D O I：

10.1016/j.apenergy.2010.09.022

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

This study analyses and compares the cost efficiency of Japanese steam power generation companies using the fixed and random Bayesian frontier models. We show that it is essential to account for heterogeneity in modelling the performance of energy companies. Results from the model estimation also indicate that restricting CO2 emissions can lead to a decrease in total cost. The study finally discusses the efficiency variations between the energy companies under analysis, and elaborates on the managerial and policy implications of the results. (C) 2010 Elsevier Ltd. All rights reserved.

引用

页码：1441 / 1446

页数：6

共 46 条

[11] Cost efficiency in the Swiss gas distribution sector [J].

Farsi, Mehdi ;

Filippini, Massimo ;

Kuenzle, Michael .

ENERGY ECONOMICS, 2007, 29 (01) :64-78

[12] An analysis of cost efficiency in swiss multi-utilities [J].

Farsi, Mehdi ;

Filippini, Massimo .

ENERGY ECONOMICS, 2009, 31 (02) :306-315

[13] Technical efficiency and impacts of deregulation: An analysis of three functions in US electric power utilities during the period from 1992 through 2000 [J].

Goto, Mika ;

Tsutsui, Miki .

ENERGY ECONOMICS, 2008, 30 (01) :15-38

[14] Fixed and random effects in Stochastic frontier models [J].

Greene, W .

JOURNAL OF PRODUCTIVITY ANALYSIS, 2005, 23 (01) :7-32

[15]

Hattori T, 2005, ENERG J, V26, P23

[16] The determinants of the cost efficiency of electric generating plants: A stochastic frontier approach [J].

Hiebert, LD .

SOUTHERN ECONOMIC JOURNAL, 2002, 68 (04) :935-946

[17] Relevance or irrelevance of capital structure? [J].

Ibrahim, M. V. ;

Barros, C. P. .

ECONOMIC MODELLING, 2009, 26 (02) :473-479

[18] Strategic behaviour under regulatory benchmarking [J].

Jamasb, T ;

Nillesen, P ;

Pollitt, M .

ENERGY ECONOMICS, 2004, 26 (05) :825-843

[19] Benchmarking and regulation: International electricity experience [J].

Jamasb, T. (tooraj.jamasb@econ.cam.ac.uk), 2000, Elsevier BV (09)

[20] International benchmarking and regulation: an application to European electricity distribution utilities [J].

Jamasb, T ;

Pollitt, M .

ENERGY POLICY, 2003, 31 (15) :1609-1622

← 1 2 3 4 5 →