Is welfare higher when utilities are owned by customers instead of investors? Evidence from electricity distribution in New Zealand
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DOI: 10.1016/j.eneco.2020.104700
Abstract: We estimate cost, quality and price models for electricity distribution businesses (EDBs) in New Zealand, treating ownership as endogenous. We also account for simultaneity issues between costs and quality. We find that customer ownership is… read more here.
Keywords: quality; new zealand; electricity distribution; welfare higher ... See more keywords