|
|||||
|
|
A data envelopment analysis of gas utilities' efficiency |
|
| Authors: | Daniel R. Hollas Kenneth R. Macleod Stanley R. Stansell |
| Affiliation: | (1) Department of Economics, University of Texas at San Antonio, San Antorio, USA;(2) Department of Decision Sciences, East Carolina University, 27858 Greenville, NC;(3) Department of Finance, East Carolina University, 27858 Greenville, NC |
| Abstract: | This study examines the Natural Gas Policy Act of 1978 and Federal Energy Regulatory Commission (FERC) policies that culminated in Order 636 in 1992. The regulatory environment in which natural gas distribution utilities operate was altered. FERC policies forced local gas distribution utilities into an increasingly competitive environment. Restructuring of the industry may affect economic efficiency. Data Envelopment Analysis is used to examine the economic efficiency of gas distributors during 1975–94. Federal policy appears to lead to a reduction in scale due to restructuring and more competition. Reduced scale economies have not altered the economic efficiency of the utilities. |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ | |