THE ROLE OF MODEL SPECIFICATION IN FINDING THE INFLUENCE OF OWNERSHIP AND REGULATORY REGIME ON UTILITY COST: THE CASE OF SWEDISH ELECTRICITY DISTRIBUTION.
The lack of consensus on how utility cost is affected by variation in ownership and regulatory regime has been attributed to sector-specific conditions and interacting observed heterogeneous factors. This study investigates a further source of ambiguous outcomes as it evaluates different econometric...
| Publicado en: | Contemporary Economic Policy Vol. 29; no. 2; pp. 178 - 191 |
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| Formato: | Artículo |
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Wiley-Blackwell
Apr2011
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=59813716&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 59813716 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: Y pubinfo: dt: Apr2011 vid: 29 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 59813716 10.1111/j.1465-7287.2010.00209.x ppf: 178 ppct: 13 formats: fmt: @attributes: type: P size: 525KB tig: atl: THE ROLE OF MODEL SPECIFICATION IN FINDING THE INFLUENCE OF OWNERSHIP AND REGULATORY REGIME ON UTILITY COST: THE CASE OF SWEDISH ELECTRICITY DISTRIBUTION. aug: au: SÖDERBERG, MAGNUS affil: Söderberg: Centre for Regulation and Market Analysis, School of Commerce, University of South Australia, GPO Box 2471, Adelaide, SA 5001, Australia. Phone 61-8-8302-0601, Fax 61-8-8302-7001, E-mail magnus. su: Sweden Econometrics Private sector Property rights Cost effectiveness Electric power distribution Labor incentives sug: subj: Econometrics Private sector Property rights Cost effectiveness Sweden Electric Power Distribution Electric power distribution Labor incentives ab: The lack of consensus on how utility cost is affected by variation in ownership and regulatory regime has been attributed to sector-specific conditions and interacting observed heterogeneous factors. This study investigates a further source of ambiguous outcomes as it evaluates different econometric specifications related to variations in utility objective/the design of regulatory regime and influences from unknown/uncertain heterogeneous factors. Consistent with theoretical predictions, 7 years of data from the Swedish electricity distribution sector reveal that private ownership and stronger financial incentives are associated with lower costs. It is also demonstrated that inappropriate model specifications can produce arbitrary conclusions. ( JEL D24, K23, L51, L94) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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