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DOI | 10.1016/j.enpol.2016.12.014 |
Specification of merger gains in the Norwegian electricity distribution industry | |
Saastamoinen, Antti1; Bjorndal, Endre2; Bjorndal, Mette2 | |
2017-03-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 102 |
文章类型 | Article |
语种 | 英语 |
国家 | Finland; Norway |
英文摘要 | Electricity distribution often exhibits economies of scale. In Norway, a number of smaller distribution system operators exist and thus there is potential to restructure the industry, possibly through mergers. However, the revenue cap regulatory model in Norway does not incentivize firms to merge as merging leads to a stricter revenue cap for the merged company. Thus the regulator compensates the firms in order to create such incentives. The amount of compensation is based on the potential gains of the merger estimated using a data envelopment analysis (DEA) based frontier approach introduced by Bogetoft and Wang (2005). DEA is however only one of many possible frontier estimators that can be used in estimation. Furthermore, the returns to scale assumption, the operating environment of firms and the presence of stochastic noise and outlier observations are all known to affect to the estimation of production technology. In this paper we explore how varying assumptions under two alternative frontier estimators shape the distribution of merger gains within the Norwegian distribution industry. Our results reveal that the restructuring policies of the industry may be significantly altered depending how potential gains from the mergers are estimated. |
英文关键词 | Mergers Efficiency estimation Electricity distribution Regulation |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000397357200010 |
WOS关键词 | NONPARAMETRIC FRONTIER ESTIMATION ; INCENTIVE REGULATION ; POTENTIAL GAINS ; DISTRIBUTION NETWORKS ; COST EFFICIENCY ; MODELS ; SFA ; DEA ; ECONOMIES ; UTILITIES |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18730 |
专题 | 气候变化 |
作者单位 | 1.VATT Inst Econ Res, Helsinki, Finland; 2.NIIH Norwegian Sch Econ, Oslo, Norway |
推荐引用方式 GB/T 7714 | Saastamoinen, Antti,Bjorndal, Endre,Bjorndal, Mette. Specification of merger gains in the Norwegian electricity distribution industry[J]. ENERGY POLICY,2017,102. |
APA | Saastamoinen, Antti,Bjorndal, Endre,&Bjorndal, Mette.(2017).Specification of merger gains in the Norwegian electricity distribution industry.ENERGY POLICY,102. |
MLA | Saastamoinen, Antti,et al."Specification of merger gains in the Norwegian electricity distribution industry".ENERGY POLICY 102(2017). |
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