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List of figures | p. xvii |
List of tables | p. xxiii |
Preface | p. xxvii |
List of abbreviations | p. xxix |
Introduction | p. 1 |
Background to the Korean electricity industry | p. 1 |
Background to the world electricity industry | p. 4 |
Background to previous research on the electricity industry | p. 5 |
Objective of this study | p. 5 |
Generator-level database | p. 7 |
Methodology | p. 7 |
Application and expected results | p. 8 |
Organization and structure of the book | p. 9 |
The Korean electricity industry | p. 11 |
Introduction | p. 11 |
Energy sources, self-sufficiency, security, and vulnerability | p. 12 |
Supply side and its development | p. 17 |
Demand side and its development p29 | |
Management, competition, finances, and performance | p. 35 |
Summary | p. 39 |
Market structure of the electricity industry | p. 41 |
Introduction | p. 41 |
Different power plants in the Korean electricity industry | p. 43 |
Other residual power plants and features of the electricity market | p. 54 |
Structural organization of the electricity industry | p. 62 |
R&D investment, public intervention, concentration, and performance | p. 69 |
Summary | p. 75 |
Global trends in the electricity industry and energy consumption | p. 78 |
Introduction | p. 78 |
The literature on the electricity market | p. 79 |
Global trends in energy production and energy use | p. 83 |
Global trends in development of the electricity industry | p. 85 |
Determinants of supply and demand for electricity | p. 95 |
Literature on measurement and analysis of performance | p. 98 |
Structural reorganization and changes in ownership | p. 99 |
Literature on reorganization of the market | p. 103 |
Evidence on reorganization of the electricity market | p. 106 |
Summary and conclusions | p. 108 |
Overview of performance methodologies | p. 111 |
Introduction | p. 111 |
Factor productivity | p. 112 |
Parametric approaches to performance analysis | p. 124 |
Comparison of the different measurement methods | p. 128 |
Summary of methods of performance analysis | p. 132 |
Previous efficiency analysis of electricity generation | p. 134 |
Introduction | p. 134 |
Earlier studies analyzing effects of restructuring | p. 135 |
Management performance studies | p. 135 |
Comparison of the performance of Korea and other countries | p. 137 |
Recent performance analysis of Korean electricity market | p. 141 |
Efficiency measurement and determinants of efficiency | p. 144 |
Summary of the previous research and lessons learned | p. 146 |
Generator-level data | p. 148 |
Introduction | p. 148 |
Factor inputs | p. 154 |
Generation output | p. 168 |
Characteristics of output | p. 172 |
Characteristics of producers | p. 174 |
Characteristics of intervention: public support | p. 177 |
Summary of strengths and weaknesses of the data and suggestions | p. 178 |
Analysis of performance at generator level and policy implications | p. 180 |
Introduction | p. 180 |
Stochastic frontier production and cost analysis (SFA) | p. 181 |
Data envelopment analysis (DEA) | p. 228 |
Malmquist productivity index analysis (MPI) | p. 250 |
Summary of results from different performance methodologies | p. 273 |
Summary and conclusions | p. 278 |
The background to this study | p. 278 |
Summary of the results | p. 283 |
Performance index analysis | p. 293 |
Performance index trend analysis | p. 294 |
Policy implications of the results | p. 294 |
Some concluding remarks about future studies of performance | p. 296 |
Notes | p. 301 |
Bibliography | p. 303 |
Index | p. 309 |
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