Economies of Scale in U.S. Electric Power Generation¶
Christensen, L. R., & Greene, W. H. (1976). Economies of Scale in U.S. Electric Power Generation. Journal of Political Economy, 84(4), 655-676.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Economies of Scale
- Christensen and Greene (1976) provided the canonical panel-data estimation of these curves for U.S. electric power generation, finding a steep declining-AC range that flattens above a clearly identifiable minimum efficient scale.
This sourceCanonical translog cost-function estimation of the long-run cost curve for U.S. steam-electric generation (1955 and 1970 cross-sections); finds a steep declining-average-cost range that flattens above an empirically identified minimum efficient scale.
Supported in partVerified against the publisher's abstract
The abstract confirms translog estimation of scale economies in U.S. electric power, but describes 1955 and 1970 cross-sections, not panel data, and names no explicit MES.
“We estimate economies of scale for U.S. firms producing electric power. Cross-section data for 1955 and 1970 are analyzed using the translog cost function. We find that in 1955 there were significant scale economies available to nearly all firms. By 1970, however, the bulk of U.S. electricity generation was by firms operating in the essentially flat area of the average cost curve.”
- Christensen and Greene (1976) provided the canonical panel-data estimation of these curves for U.S. electric power generation, finding a steep declining-AC range that flattens above a clearly identifiable minimum efficient scale.
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