Cost efficiency of Japanese steam power generation companies: A Bayesian comparison of random and fixed frontier models

A. George Assaf; Carlos Pestana Barros; Shunsuke Managi

doi:10.1016/j.apenergy.2010.09.022

Cost efficiency of Japanese steam power generation companies: A Bayesian comparison of random and fixed frontier models

A. George Assaf, Carlos Pestana Barros, Shunsuke Managi

Research output: Contribution to journal › Article › peer-review

13 Citations (Scopus)

Abstract

This study analyses and compares the cost efficiency of Japanese steam power generation companies using the fixed and random Bayesian frontier models. We show that it is essential to account for heterogeneity in modelling the performance of energy companies. Results from the model estimation also indicate that restricting CO₂ emissions can lead to a decrease in total cost. The study finally discusses the efficiency variations between the energy companies under analysis, and elaborates on the managerial and policy implications of the results.

Original language	English
Pages (from-to)	1441-1446
Number of pages	6
Journal	Applied Energy
Volume	88
Issue number	4
DOIs	https://doi.org/10.1016/j.apenergy.2010.09.022
Publication status	Published - Apr 2011
Externally published	Yes

All Science Journal Classification (ASJC) codes

Building and Construction
Mechanical Engineering
Energy(all)
Management, Monitoring, Policy and Law

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10.1016/j.apenergy.2010.09.022

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AU - Barros, Carlos Pestana

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Cost efficiency of Japanese steam power generation companies: A Bayesian comparison of random and fixed frontier models

Abstract

All Science Journal Classification (ASJC) codes

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