Privatisation and the Efficiency of Decentralised Electricity Generation: Some Evidence from Inter-War Britain
作者： Christopher J. Hammond
DOI: 10.2307/2234290
关键词:
摘要: The privatization of the electricity supply industry in England and Wales has established a decentralized system supply. This paper considers efficiency interwar industry. A generalized stochastic frontier cost function is specificed, enabling estimation returns to scale inefficiency at plant level. These estimates are used turn examine stations selected by Central Electricity Board national grid. results imply that was not only feasible but selection procedure sensitive differences Copyright 1992 Royal Economic Society.
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