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Public vs. Private Utility Efficiency by Tuğberk is a document available to read on EtoBox.

This document summarizes a study that compares the production efficiency of public and private utilities. The researchers estimate cost and input demand functions simultaneously for public and private firms, accounting for differences in input prices and technology. Their results suggest that public firms have 24-33% lower per unit costs than private firms. This cost differential appears to result from rate-of-return regulation of private firms, which previous research has found can lead to overcapitalizati

Author

Tuğberk

Language

EN