Frontier production function estimates for steam electric generation: a comparative analysis
Journal Article
·
· South. Econ. J.; (United States)
The performance of three frontier steam electric generation estimators is compared in terms of the consideration given to new production technologies and their technical efficiency. The Cobb-Douglas, constant elasticity of substitution, and translog production functions are examined, using the Aigner-Chu linear programming, the sophisticated Aigner-Lovell-Schmidt stochastic frontier, and the direct method of adjusted ordinary least squares frontier estimators. The use of Cobb-Douglas specification is judged to have narrowed the perceived difference between competing estimators. The choice of frontier estimator is concluded to have a greater effect on the plant efficiency than functional form. 19 references. (DCK)
- OSTI ID:
- 5245778
- Journal Information:
- South. Econ. J.; (United States), Journal Name: South. Econ. J.; (United States) Vol. 46:4; ISSN SECJA
- Country of Publication:
- United States
- Language:
- English
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