R Dataset / Package Ecdat / Electricity

On this R-data statistics page, you will find information about the Electricity data set which pertains to Cost Function for Electricity Producers . The Electricity data set is found in the Ecdat R package. You can load the Electricity data set in R by issuing the following command at the console data("Electricity"). This will load the data into a variable called Electricity. If R says the Electricity data set is not found, you can try installing the package by issuing this command install.packages("Ecdat") and then attempt to reload the data with the library() command. If you need to download R, you can go to the R project website. You can download a CSV (comma separated values) version of the Electricity R data set. The size of this file is about 8,758 bytes.

Cost Function for Electricity Producers

Description

a cross-section from 1970 to 1970

number of observations : 158

observation : production units

country : United States

Usage

data(Electricity)

Format

A dataframe containing :

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

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, http://www.prenhall.com/greene/greene1.html, chapter 4, 317-320.

Hayashi, F. (2000) Econometrics, Princeton University Press, http://fhayashi.fc2web.com/hayashi_econometrics.htm, chapter 1, 76-84.

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