{"title":"Missing data and the effects of market deregulation: Evidence from Chinese coal power","authors":"Tom Eisenberg","doi":"10.1016/j.ijindorg.2024.103054","DOIUrl":null,"url":null,"abstract":"<div><p>A series of market reforms were introduced in 2002 in the Chinese wholesale coal power sector. The period immediately after extremely volatile for this industry, and it is generally accepted that many of the reforms were not fully enacted. Yet, researchers consistently find that these reforms resulted in efficiency gains for power plants. Using new physical and matched financial data, as opposed to only financial data, I find no evidence that there were efficiency gains at the plant-level. I also find that in the aggregate there were large productivity declines over this period. Any measurable gains in either case are mainly due to input and output price fluctuations.</p></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"93 ","pages":"Article 103054"},"PeriodicalIF":1.7000,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Industrial Organization","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0167718724000092","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
A series of market reforms were introduced in 2002 in the Chinese wholesale coal power sector. The period immediately after extremely volatile for this industry, and it is generally accepted that many of the reforms were not fully enacted. Yet, researchers consistently find that these reforms resulted in efficiency gains for power plants. Using new physical and matched financial data, as opposed to only financial data, I find no evidence that there were efficiency gains at the plant-level. I also find that in the aggregate there were large productivity declines over this period. Any measurable gains in either case are mainly due to input and output price fluctuations.
期刊介绍：
The IJIO is an international venture that aims at full coverage of theoretical and empirical questions in industrial organization. This includes classic questions of strategic behavior and market structure. The journal also seeks to publish articles dealing with technological change, internal organization of firms, regulation, antitrust and productivity analysis. We recognize the need to allow for diversity of perspectives and research styles in industrial organization and we encourage submissions in theoretical work, empirical work, and case studies. The journal will also occasionally publish symposia on topical issues.
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