State-level electricity generation efficiency: Do restructuring and regulatory institutions matter in the US?
نویسندگان
چکیده
This paper examines the impact of deregulation and political support for it on electric power industry using a consistent state-level electricity generation dataset US contiguous states from 1997 to 2014. Recent analyses productivity growth suggests that institutional factors are important we wish study role as change through two measures: (a) restructuring (b) it, measured by majority affiliation public utility commissions. We find evidence positive impacts (both it) technical efficiency across models estimated. Our preferred model which allows control variables mean variance inefficiency shows an average 73.1 percent. The results marginal effects reveal including its is negative monotonic, with potential reduction in 8.4%, thereby suggesting compelling improvement via deregulation.
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ژورنال
عنوان ژورنال: Energy Economics
سال: 2021
ISSN: ['1873-6181', '0140-9883']
DOI: https://doi.org/10.1016/j.eneco.2021.105650