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来源类型 | Working papers |
规范类型 | 论文 |
DOI | 10.3929/ethz-a-007600324 |
Unobserved heterogeneous effects in the cost efficiency analysis of electricity distribution systems | |
Agrell, Per J.; Farsi, Mehdi; Filippini, Massimo; Koller, Martin | |
发表日期 | 2013-01 |
出版者 | ETH Zurich, Center of Economic Research (CER-ETH) |
出版年 | 2013 |
语种 | 英语 |
摘要 | The purpose of this study is to analyze the cost efficiency of electricity distribution systems in order to enable regulatory authorities to establish price- or revenue cap regulation regimes. The increasing use of efficiency analysis in the last decades has raised serious concerns among regulators and companies regarding the reliability of efficiency estimates. One important dimension affecting the reliability is the presence of unobserved factors. Since these factors are treated differently in various models, the resulting estimates can vary across methods. Therefore, we decompose the benchmarking process into two steps. In the first step, we identify classes of similar companies with comparable network and structural characteristics using a latent class cost model. We obtain cost best practice within each class in the second step, based on deterministic and stochastic cost frontier models. The results of this analysis show that the decomposition of the benchmarking process into two steps has reduced unobserved heterogeneity within classes and, hence, reduced the unexplained variance previously claimed as inefficiency. |
主题 | Efficiency analysis ; Cost function ; Electricity sector ; Incentive regulation |
URL | https://www.research-collection.ethz.ch/handle/20.500.11850/74576 |
来源智库 | Centre for Energy Policy and Economics (Switzerland) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266717 |
推荐引用方式 GB/T 7714 | Agrell, Per J.,Farsi, Mehdi,Filippini, Massimo,et al. Unobserved heterogeneous effects in the cost efficiency analysis of electricity distribution systems. 2013. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
eth-6472-01.pdf(1568KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
eth-6472-01.jpg(3KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | ![]() 浏览 |
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