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.

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Abstract

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.

Impact and interest:

7 citations in Scopus
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6 citations in Web of Science®

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ID Code: 75459
Item Type: Journal Article
Refereed: Yes
Keywords: Bayesian; Fixed frontier model; Japan; Random frontier model; Steam power generating companies
DOI: 10.1016/j.apenergy.2010.09.022
ISSN: 0306-2619
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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