Show simple item record

dc.contributor.author
Filippini, Massimo
dc.date.accessioned
2017-06-11T02:37:02Z
dc.date.available
2017-06-11T02:37:02Z
dc.date.issued
2013
dc.identifier.uri
http://hdl.handle.net/20.500.11850/77550
dc.description.abstract
The purpose of this study is to analyze the cost efficiency of electricity distribution systems in order to enable regulatory authorities to establish price- or revenue cap regulation regimes. The increasing use of efficiency analysis in the last decades has raised serious concerns among regulators and companies regarding the reliability of efficiency estimates. One important dimension affecting the reliability is the presence of unobserved factors. Since these factors are treated differently in various models, the resulting estimates can vary across methods. Therefore, we decompose the benchmarking process into two steps. In the first step, we identify classes of similar companies with comparable network and structural characteristics using a latent class cost model. We obtain cost best practice within each class in the second step, based on deterministic and stochastic cost frontier models. The results of this analysis show that the decomposition of the benchmarking process into two steps has reduced unobserved heterogeneity within classes and, hence, reduced the unexplained variance previously claimed as inefficiency.
dc.language.iso
en
dc.title
Unobserved heterogeneous effects in the cost efficiency analysis of electricity distribution systems
dc.type
Presentation
ethz.event
Workshop "Aktuelle Entwicklungen in der Effizienzmessung in der Energiewirtschaft" Vienna. 8.11.2013
ethz.event.location
Vienna, Austria
ethz.event.date
November 8, 2013
ethz.notes
.
ethz.publication.status
published
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03539 - Filippini, Massimo / Filippini, Massimo
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03539 - Filippini, Massimo / Filippini, Massimo
ethz.date.deposited
2017-06-11T02:37:39Z
ethz.source
ECIT
ethz.identifier.importid
imp5936516c0f77e48246
ethz.ecitpid
pub:122219
ethz.eth
yes
ethz.availability
Metadata only
ethz.rosetta.installDate
2017-07-19T08:07:51Z
ethz.rosetta.lastUpdated
2018-11-02T12:35:09Z
ethz.rosetta.versionExported
true
ethz.COinS
ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.atitle=Unobserved%20heterogeneous%20effects%20in%20the%20cost%20efficiency%20analysis%20of%20electricity%20distribution%20systems&rft.date=2013&rft.au=Filippini,%20Massimo&rft.genre=unknown&rft.btitle=Unobserved%20heterogeneous%20effects%20in%20the%20cost%20efficiency%20analysis%20of%20electricity%20distribution%20systems
 Search via SFX

Files in this item

FilesSizeFormatOpen in viewer

There are no files associated with this item.

Publication type

Show simple item record