Estimating economies of scale and scope with flexible technology
| dc.contributor.author | Triebs, Thomas P. | |
| dc.contributor.author | Saal, David S. | |
| dc.contributor.author | Arocena Garro, Pablo | |
| dc.contributor.author | Kumbhakar, Subal C. | |
| dc.contributor.department | Gestión de Empresas | es_ES |
| dc.contributor.department | Enpresen Kudeaketa | eu |
| dc.date.accessioned | 2020-09-22T07:53:13Z | |
| dc.date.available | 2020-09-22T07:53:13Z | |
| dc.date.issued | 2016 | |
| dc.description.abstract | Economies of scope are typically modelled and estimated using a cost function that is common to all firms in an industry irrespective of their type, e.g. whether they specialize in a single output or produce multiple outputs. Instead, we estimate a flexible technology model that allows for type-specific technologies and show how it can be estimated using linear parametric forms including the translog. A common technology remains a special case of our model and is testable econometrically. Our sample, of publicly owned US electric utilities, does not support a common technology for integrated and specialized firms. Our empirical results therefore suggest that assuming a common technology might bias estimates of economies of scale and scope. Thus, how we model the production technology clearly influences the policy conclusions we draw from its characteristics. | en |
| dc.description.sponsorship | Pablo Arocena and David Saal acknowledge financial support from the Spanish Ministry of Economy and Competitiveness (project ECO2010-21242-C03-03). | en |
| dc.format.extent | 30 p. | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.doi | 10.1007/s11123-016-0467-1 | |
| dc.identifier.issn | 1573-0441 | |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/38162 | |
| dc.language.iso | eng | en |
| dc.publisher | Springer | en |
| dc.relation.ispartof | Journal of Productivity Analysis, 2016, 45, 173-186 | en |
| dc.relation.publisherversion | https://doi.org/10.1007/s11123-016-0467-1 | |
| dc.rights | © Springer Science+Business Media New York 2016 | en |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
| dc.subject | Economies of scale and scope | en |
| dc.subject | Flexible technology | en |
| dc.subject | Electric utilities | en |
| dc.subject | Vertical integration | en |
| dc.subject | Translog cost function | en |
| dc.title | Estimating economies of scale and scope with flexible technology | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.version | info:eu-repo/semantics/acceptedVersion | |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | 4454f082-f60e-4c85-934e-b970c8cb5a0b | |
| relation.isAuthorOfPublication.latestForDiscovery | 4454f082-f60e-4c85-934e-b970c8cb5a0b |