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Erschienen in:
2020 | OriginalPaper | Buchkapitel
Econometric Modeling of the Efficiency in the Generation of Electric Power in Chile
verfasst von : Hanns de la Fuente-Mella, Ana María Vallina-Hernández, Rodrigo Estay-Cornejo
Erschienen in: Advances in Human Factors, Business Management and Leadership
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Abstract
This research proposes the estimation of stochastic frontiers model using panel data, to measure the technical efficiencies in 4 perspectives for the electricity generation sector in Chile for the period 2010–2015. The first perspective is to analyze the main companies in the sector; the second is about generation plants based on their contribution only as energy generates; the third is also power plants, but this time considering its contribution as generation and security to the system; and a fourth analysis is following the third model, but this time only considering the year 2015 in order to get a greater sampling of power plants and generation sources. The estimation also used 2 functional forms of production for each analysis: Cobb-Douglas and Translogarithmic that are compared to obtain the best representation of the data. The results show to which companies, plants and generation sources are the most and least efficient.