Returns to Scale in Electricity Generation: Revisited and Replicated

David Bernstein and Christopher Parmeter

No 2017-08, Working Papers from University of Miami, Department of Economics

Abstract: We replicate the findings of two infuential studies on returns to scale in the electricity generation market in the United States. The main results are also contrasted using local linear nonparametric regression, a technique robust to functional form assumptions. While the quantitative findings differ somewhat regarding the magnitude of returns to scale, we find that there is a substantial shift in returns to scale across the electricity generation market of 1955 to that of 1970.

Keywords: System Estimation; Shepard's Lemma; Seemingly Unrelated Regression; Nonparametric. Publication Status: Submitted (search for similar items in EconPapers)
JEL-codes: C1 (search for similar items in EconPapers)
Date: 2017-06-20
New Economics Papers: this item is included in nep-ene and nep-his
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Citations: View citations in EconPapers (2)

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