Stochastic non-parametric efficiency measurement and yardstick competition in electricity regulation

Stochastic non-parametric efficiency measurement constructs production or cost frontiers that incorporate both inefficiency and stochastic error. This results in a closer envelopment of the mean performance of the companies in the sample and diminishes the effect of extreme outliers. This paper uses...

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Bibliographic Details
Main Author: Thomas G. Weyman-Jones
Format: Default Preprint
Published: 2001
Subjects:
Other economics not elsewhere classified
yardstick competition
price cap regulation
stochastic DEA
electricity distribution
Economics not elsewhere classified
Online Access:https://hdl.handle.net/2134/418
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