Economies of Scale in the Swiss Hydropower Sector
The paper considers the estimation of a translog cost function employing panel data for a sample of 43 Swiss hydropower companies, over the period of 1995-2002. The results of this analysis indicate the existence of economies of scale and density for most output levels. The basic novelty in this paper is the estimation of a cost function for a sample of hydropower companies. In the economic literature no study on the cost structure of the hydropower plants using an econometric approach has been published so far.
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- Mehdi Farsi & Massimo Filippini, 2004.
"Regulation and Measuring Cost-Efficiency with Panel Data Models: Application to Electricity Distribution Utilities,"
Review of Industrial Organization,
Springer, vol. 25(1), pages 1-19, 08.
- Mehdi Farsi & Massimo Filippini, 2003. "Regulation and Measuring Cost Efficiency with Panel Data Models: Application to Electricity Distribution Utilities," CEPE Working paper series 03-19, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Ramos-Real, Francisco Javier, 2005. "Cost functions and the electric utility industry. A contribution to the debate on deregulation," Energy Policy, Elsevier, vol. 33(1), pages 69-87, January.
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