Determinantes dos altos deságios nos leilões de transmissão de energia elétrica no Brasil entre 1999-2010

Katia Rocha, Ajax Moreira and Rodrigo Limp

Revista Brasileira de Economia - RBE, 2013, vol. 67, issue 2

Abstract: This study investigates the determinants of the great difference between winning bids and reserve prices in the transmission electricity sector in Brazil between 1999-2010, through an econometric approach based on Heckman (1979) that considers the heterogeneous among the winner's and loser's bids, and the endogeneity of that selection. Given the whole data of winner’s and loser’s bids, the heterogeneity of the groups is modeled and endogeneity bias classification is corrected. The object of this research is relevant since studies that focus just on winning bids or ignore the endogeneity of the winning group selection could lead to misleading conclusions.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgrbe:v:67:y:2013:i:2:a:3676

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