Alternative Regulatory Methods and Firm Efficiency : Stochastic Frontier Evidence from the U . S . Electricity Industry

@inproceedings{Knittel2002AlternativeRM,
  title={Alternative Regulatory Methods and Firm Efficiency : Stochastic Frontier Evidence from the U . S . Electricity Industry},
  author={Christopher R. Knittel},
  year={2002}
}
The use of incentive regulation and other alternative regulatory programs in U.S. electricity markets has grown during the past two decades. Within a stochastic frontier framework, I investigate the effect of individual programs on the technical efŽ ciency of a large set of coal and natural gas generation units. I Ž nd that those programs tied directly to generator performance and those that modify traditional fuel cost passthrough programs, to provide a greater incentive to reduce fuel costs… CONTINUE READING

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