Returns to scale in electricity generation: Replicated and revisited

David H. Bernstein, Christopher Parmeter

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

We replicate the findings of two influential studies on returns to scale in the United States electricity generation market. The main results are contrasted using both local-linear nonparametric regression, a technique robust to parametric functional form assumptions, as well as an updated data set. While the quantitative findings across all of the estimators deployed differ somewhat regarding the magnitude of returns to scale, we document a decrease in returns to scale within the electricity generation market from 1955 to 1996.

Original languageEnglish (US)
JournalEnergy Economics
DOIs
StateAccepted/In press - Jan 1 2018

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Electricity
Linear regression
Electricity generation
Returns to scale
Estimator
Nonparametric regression
Functional form

Keywords

  • Nonparametric
  • Replication
  • Seemingly unrelated regression
  • Shephard's lemma
  • System estimation

ASJC Scopus subject areas

  • Economics and Econometrics
  • Energy(all)

Cite this

Returns to scale in electricity generation : Replicated and revisited. / Bernstein, David H.; Parmeter, Christopher.

In: Energy Economics, 01.01.2018.

Research output: Contribution to journalArticle

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