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|Title: ||Technological Externalities and Economies of Vertical Integration in the Electric Utility Industry|
|Authors: ||Nemoto, Jiro|
|Keywords: ||economies of vertical integration|
shadow cost function
electric utility industry
|Issue Date: ||2004|
|Citation: ||International Journal of Industrial Organization. v.22, n.1, 2004, p.67-81|
|Abstract: ||This paper investigates economies of vertical integration of the electric utility industry, focusing on the technological externality between the generation and transmission–distribution stages. For this purpose, a shadow cost function of the symmetric generalized McFadden form is estimated using panel data on the transmission–distribution stage of nine Japanese electric utility firms. The results show that there exist the technological externality effects of generation facilities on the cost of the transmission–distribution stage, suggesting economies of vertical integration.|
|Rights: ||This is the author’s version of a work accepted for publication by Elsevier. Changes resulting from the publishing process, including peer review, editing, corrections, structural formatting and other quality control mechanisms, may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Journal of Industrial Organization. v.22, n.1, 2004,10.1016/S0167-7187(03)00091-2.|
|Appears in Collections:||1.学術雑誌（経）|
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