Electric {Greene}R Documentation

Cost Function

Description

a cross-section from 1970

number of observations : 158

observation : firms

country : United States

Usage

data(Electric)

Format

A dataframe containing :

id
observation
year
1970 for all observations
cost
total cost
q
total output
pl
wage rate
sl
cost share for labor
pk
capital price index
sk
cost share for capital
pf
fuel price
sf
cost share for fuel

Original description

“123 1970 cross-section firm level observations.”

Note

“Note the file contains some extra observations. These are holding companies. Use only the first 123 observations to replicate Christensen and Greene.”

Source

Christensen, L. and W. H. Greene (1976) “Economies of scale in U.S. electric power generation”, Journal of Political Economy , 84, 655-676.

References

Greene, W.H. (2003) Econometric Analysis, Prentice Hall, chapter 4, 317-320.


[Package Greene version 0.1-2 Index]