Heterogenous systematic risk in electricity distribution - The case of Sweden . Jon Thor Sturluson. Motivation. Electricity distribution and transmission is a natural monopoly Regulation of prices requires: Estimate of cost of operation Historical Efficient benchmark
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Heterogenous systematic risk in electricity distribution - The case of Sweden
Jon Thor Sturluson
Fixed-effects or betas for each firm estimated in a SUR regression
Wide range of betas (not display)
- Some are significant others are not