Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.110952 |
Productivity growth and incentive regulation in Austria's gas distribution | |
Gugler, Klaus1,2; Liebensteiner, Mario3 | |
2019-11-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 134 |
文章类型 | Article |
语种 | 英语 |
国家 | Austria; Germany |
英文摘要 | The projected rate of productivity growth is the critical determinant of the price cap in incentive regulation. However, the regulatory authorities generally lack sophisticated industry TFP studies to set an optimal cap. We thus estimate productivity growth in the Austrian gas distribution sector in a translog cost function framework. A key feature is our unique panel database on costs and outputs of regulated utilities for the period 2002-2013, covering six years prior and during incentive regulation as introduced in 2008. We find a modest TFP growth rate in the early sample years, followed by a decline to zero or even slightly negative rates in recent years. We also find a significant potential for returns to scale, which is left unexploited, indicating that utilities could significantly save on costs by merging. As essential investments have already been undertaken in the past, opportunities for technological progress seem to be limited in recent years. |
英文关键词 | X-factor Productivity Incentive regulation Gas distribution |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000498307500039 |
WOS关键词 | ELECTRICITY DISTRIBUTION ; COST FUNCTION ; EFFICIENCY ; ECONOMIES ; SCALE |
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/224523 |
专题 | 环境与发展全球科技态势 |
作者单位 | 1.Vienna Univ Econ & Business, Dept Econ & Res, Welthandelspl 1, A-1020 Vienna, Austria; 2.Vienna Univ Econ & Business, Inst Regulatory Econ, Welthandelspl 1, A-1020 Vienna, Austria; 3.TU Kaiserslautern, Chair Resource & Energy Econ, Gottlieb Daimler Str, D-67663 Kaiserslautern, Germany |
推荐引用方式 GB/T 7714 | Gugler, Klaus,Liebensteiner, Mario. Productivity growth and incentive regulation in Austria's gas distribution[J]. ENERGY POLICY,2019,134. |
APA | Gugler, Klaus,&Liebensteiner, Mario.(2019).Productivity growth and incentive regulation in Austria's gas distribution.ENERGY POLICY,134. |
MLA | Gugler, Klaus,et al."Productivity growth and incentive regulation in Austria's gas distribution".ENERGY POLICY 134(2019). |
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