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Three Essays in Energy Economics and Industrial Organization, with Applications to Electricity and Distribution Networks.

机译:能源经济学和工业组织的三篇论文,应用于电力和配电网络。

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摘要

Electricity industries are experiencing upward cost pressures in many parts of the world. Chapter 1 of this thesis studies the production technology of electricity distributors. Although production and cost functions are mathematical duals, practitioners typically estimate only one or the other. This chapter proposes an approach for joint estimation of production and costs. Combining such quantity and price data has the effect of adding statistical information without introducing additional parameters into the model. We define a GMM estimator that produces internally consistent parameter estimates for both the production function and the cost function. We consider a multi-output framework, and show how to account for the presence of certain types of simultaneity and measurement error. The methodology is applied to data on 73 Ontario distributors for the period 2002-2012. As expected, the joint model results in a substantial improvement in the precision of parameter estimates.;In chapter 3, I turn to the historically important problem of vertical contractual relations. While the existing literature has established that resale price maintenance is sufficient to coordinate the distribution network of a manufacturer, this chapter asks whether such vertical restraints are necessary. Specifically, I study the vertical contracting problem between an upstream manufacturer and its downstream distributors in a setting where spot market contracts fail, but resale price maintenance cannot be appealed to due to legal prohibition. I show that a bonus scheme based on retail revenues is sufficient to provide incentives to decentralized retailers to elicit the correct levels of both price and service.;Chapter 2 focuses on productivity trends in electricity distribution. We apply two methodologies for estimating productivity growth . an index based approach, and an econometric cost based approach . to our data on the 73 Ontario distributors for the period 2002 to 2012. The resulting productivity growth estimates are approximately &
机译:电力行业在世界许多地方都面临着不断上升的成本压力。本文的第一章研究配电器的生产技术。尽管生产和成本函数是数学对偶,但从业人员通常仅估计其中一个。本章提出了一种联合估算生产和成本的方法。组合这些数量和价格数据具有添加统计信息的效果,而无需在模型中引入其他参数。我们定义了一个GMM估计器,该估计器为生产函数和成本函数生成内部一致的参数估计。我们考虑一个多输出框架,并说明如何解决某些类型的同时性和测量误差。该方法适用于2002年至2012年期间有关73个安大略省分销商的数据。正如预期的那样,联合模型大大提高了参数估计的准确性。在第三章中,我将探讨纵向合同关系的历史性重要问题。虽然现有文献已经确定转售价格维持足以协调制造商的分销网络,但本章询问是否需要这种垂直约束。具体来说,我研究了在现货市场合同失效但由于法律禁止而不能诉求转售价格维持的情况下上游制造商与下游分销商之间的纵向合同问题。我证明了基于零售收入的奖金计划足以激励分散的零售商获得正确的价格和服务水平。第二章着眼于配电的生产率趋势。我们采用两种方法来估计生产率的增长。基于索引的方法和基于计量经济学的方法。根据我们2002年至2012年期间有关73个安大略省分销商的数据。由此得出的生产率增长估算约为&

著录项

  • 作者

    Dimitropoulos, Dimitrios.;

  • 作者单位

    University of Toronto (Canada).;

  • 授予单位 University of Toronto (Canada).;
  • 学科 Economic theory.;Energy.
  • 学位 Ph.D.
  • 年度 2015
  • 页码 136 p.
  • 总页数 136
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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