Description

This dataset is on electric power generation in the United States.

Usage

Format

A data frame with 123 observations on the following 9 variables.

firm

Firm identification.

cost

Total cost in 1970, MM USD.

output

Output in million KwH.

lprice

Labor price.

lshare

Labor's cost share.

cprice

Capital price.

cshare

Capital's cost share.

fprice

Fuel price.

fshare

Fuel's cost share.

Details

The dataset is from Christensen and Greene (1976) and has also been used in Greene (1990).

Source

http://pages.stern.nyu.edu/~wgreene/Text/tables/tablelist5.htm

References

Christensen, L.R., and W.H. Greene. 1976. Economies of scale in US electric power generation. The Journal of Political Economy, 84:655–676.

Greene, W.H. 1990. A Gamma-distributed stochastic frontier model. Journal of Econometrics, 46:141–163.

Examples