search query: @author Kaserman, D. L. / total: 7
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| Author: | Kaserman, D. L. Mayo, J. W. |
| Title: | The measurement of vertical economies and the efficient structure of the electric utility industry |
| Journal: | Journal of Industrial Economics
1991 : SEP, VOL. 39:5, p. 483-502 |
| Index terms: | VERTICAL INTEGRATION ELECTRICITY SUPPLY INDUSTRY INDUSTRIAL STRUCTURE COST ACCOUNTING PUBLIC POLICY |
| Language: | eng |
| Abstract: | The concept of multiproduct costs economies is modified to the case of production at vertically related stages to derive an explicit and general measure of economies of vertical integration. The utility of this measure is demonstrated by estimating the vertical cost structure of the electric utility industry and by carrying out the calculations necessary to determine the magnitude of vertical economies in this industry. The results provide empirical evidence of the existence of significant economies of vertical integration between the generation and transmission/distribution stages of electricity supply. The public policy implications of these results are considered. |
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