Abstract

http://ssrn.com/abstract=1873501
 
 

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Local Monopoly, Network Effects and Technical Efficiency – Evidence from Taiwan’s Natural Gas Industry


Ting-Kun Liu


Chaoyang University of Technology

2011

Global Journal of Business Research, Vol. 5, No. 1, pp. 55-63, 2011

Abstract:     
This paper examines the optimal number of natural gas firms in each region of Taiwan. In order to separate large local monopoly companies from the small ones, this paper constructs a firm-level panel data analysis for the industry covering the period 1995-1999. The optimal number of firms in each region is estimated by using the minimum efficient scale theory. In addition, a non-neutral stochastic frontier production function is used to detect the impact of the local monopoly, the network effects and cost structure on the natural gas firms’ technical efficiency.

Number of Pages in PDF File: 9

Keywords: Local monopoly, network effect, non-neutral stochastic frontier production function, technical efficiency, natural gas industry

JEL Classification: D42, L95, O30

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Date posted: June 29, 2011  

Suggested Citation

Liu, Ting-Kun, Local Monopoly, Network Effects and Technical Efficiency – Evidence from Taiwan’s Natural Gas Industry (2011). Global Journal of Business Research, Vol. 5, No. 1, pp. 55-63, 2011. Available at SSRN: http://ssrn.com/abstract=1873501

Contact Information

Ting-Kun Liu (Contact Author)
Chaoyang University of Technology ( email )
No. 168, Jifong E. Rd., Wufong Township
Taichung County, Taiwan 41349
Taiwan
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