Abstract
This note re-estimates our model of the determinants and impacts of cost component incentive regulation using an improved data set which avoids double-counting firm observations. It also tests alternative specifications of the relationships. While cost component incentive regulation improves engineering efficiency (heat rates), it does not improve economic efficiency. Thus, our earlier findings are not altered by the smaller data set or by model respecification.
| Original language | English |
|---|---|
| Pages (from-to) | 321-328 |
| Number of pages | 8 |
| Journal | Journal of Regulatory Economics |
| Volume | 6 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1994 Sep 1 |
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All Science Journal Classification (ASJC) codes
- Economics and Econometrics
Cite this
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An evaluation of incentive regulation : Corrections. / Berg, Sanford V.; Jeong, Jinook.
In: Journal of Regulatory Economics, Vol. 6, No. 3, 01.09.1994, p. 321-328.Research output: Contribution to journal › Article
TY - JOUR
T1 - An evaluation of incentive regulation
T2 - Corrections
AU - Berg, Sanford V.
AU - Jeong, Jinook
PY - 1994/9/1
Y1 - 1994/9/1
N2 - This note re-estimates our model of the determinants and impacts of cost component incentive regulation using an improved data set which avoids double-counting firm observations. It also tests alternative specifications of the relationships. While cost component incentive regulation improves engineering efficiency (heat rates), it does not improve economic efficiency. Thus, our earlier findings are not altered by the smaller data set or by model respecification.
AB - This note re-estimates our model of the determinants and impacts of cost component incentive regulation using an improved data set which avoids double-counting firm observations. It also tests alternative specifications of the relationships. While cost component incentive regulation improves engineering efficiency (heat rates), it does not improve economic efficiency. Thus, our earlier findings are not altered by the smaller data set or by model respecification.
UR - http://www.scopus.com/inward/record.url?scp=34249773836&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=34249773836&partnerID=8YFLogxK
U2 - 10.1007/BF01064658
DO - 10.1007/BF01064658
M3 - Article
AN - SCOPUS:34249773836
VL - 6
SP - 321
EP - 328
JO - Journal of Regulatory Economics
JF - Journal of Regulatory Economics
SN - 0922-680X
IS - 3
ER -