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Title:Competition, prices and x-efficiency / BEBR No. 521
Author(s):Primeaux, Walter J.
Contributor(s):University of Illinois at Urbana-Champaign. College of Commerce and Business Administration
Electric utilities -- Economic aspects
Geographic Coverage:United States.
Issue Date:Ot 13 1978
Publisher:[Urbana, Ill.] : College of Commerce and Business Administration, University of Illinois at Urbana-Champaign ,
Series/Report:Faculty working papers ; no. 521
Description:Includes bibliographical references.
"The purposes of this study were (1) to assess the magnitude of price effects whenever an electric utility firm faces DIRECT competition from another electric utility firm and (2) to observe these price-effects of competition compared with X-efficiency effects on costs."
"The results support the presence of lower prices with competition which accompany the elimination of X-efficiency, as hypothesized by Leibenstein. However, the results show that firms did not recoup all of the price concessions they granted because of competition. This suggests that firms were unable to generate sufficiently large cost economies to offset the price reductions caused by competitive pressure."
Rights Information:In copyright. Digitized with permission of the University of Illinois Board of Trustees. Contact for information.
Copyright Ot 13 1978 Board of Trustees University of Illinois.
Date Available in IDEALS:2011-09-15
Has Version(s):
Identifier in Online Catalog:330872
OCLC Identifier:(OCoLC)ocm05235830

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