Cost efficiency of Japanese steam power generation companies : a Bayesian comparison of random and fixed frontier models
Assaf, A. George, Barros, Carlos Pestana, & Managi, Shunsuke (2011) Cost efficiency of Japanese steam power generation companies : a Bayesian comparison of random and fixed frontier models. Applied Energy, 88(4), pp. 1441-1446.
This study analyses and compares the cost efficiency of Japanese steam power generation companies using the fixed and random Bayesian frontier models. We show that it is essential to account for heterogeneity in modelling the performance of energy companies. Results from the model estimation also indicate that restricting CO2 emissions can lead to a decrease in total cost. The study finally discusses the efficiency variations between the energy companies under analysis, and elaborates on the managerial and policy implications of the results.
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|Item Type:||Journal Article|
|Keywords:||Bayesian; Fixed frontier model; Japan; Random frontier model; Steam power generating companies|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Deposited On:||24 Aug 2014 23:30|
|Last Modified:||26 Aug 2014 00:31|
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