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Using Supervised Environmental Composites in Production and Efficiency Analyses: An Application to Norwegian Electricity Networks

Orea, L.; Growitsch, C.; Jamasb, J.

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Authors

L. Orea

C. Growitsch

J. Jamasb



Abstract

Although supervised dimension reduction methods have been extensively applied in different scientific fields, they have hardly ever been used in production economics. Nonetheless, these methods can also be useful in regulation of natural monopolies, where firms’ cost and performance are affected by a large number of environmental factors. As economic theory suggests, at the presence of other relevant production or cost drivers, the traditional all-inclusive assumption is not satisfied. This paper shows that purging the data allows us to address this issue when analyzing the effect of weather and geography on efficiency in the context of the Norwegian electricity distribution networks.

Citation

Orea, L., Growitsch, C., & Jamasb, J. (2015). Using Supervised Environmental Composites in Production and Efficiency Analyses: An Application to Norwegian Electricity Networks. Competition and Regulation in Network Industries, 16(3), 260-287

Journal Article Type Article
Online Publication Date Sep 1, 2015
Publication Date Sep 1, 2015
Deposit Date Oct 4, 2015
Publicly Available Date Mar 28, 2024
Journal Competition and regulation in network industries
Print ISSN 1783-5917
Publisher SAGE Publications
Peer Reviewed Peer Reviewed
Volume 16
Issue 3
Pages 260-287
Public URL https://durham-repository.worktribe.com/output/1401589

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Accepted Journal Article (550 Kb)
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Copyright Statement
Orea, L., Growitsch, C. & Jamasb, J. (2015). Using Supervised Environmental Composites in Production and Efficiency Analyses: An Application to Norwegian Electricity Networks. Competition and Regulation in Network Industries 16(3): 260-287. DOI: 10.1177%2F178359171501600303




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