@article{oai:nagoya.repo.nii.ac.jp:00006136,
 author = {Nemoto, Jiro and Mika, Goto},
 issue = {1},
 journal = {International Journal of Industrial Organization},
 month = {},
 note = {This paper investigates economies of vertical integration of the electric utility industry, focusing on the technological externality between the generation and transmission–distribution stages. For this purpose, a shadow cost function of the symmetric generalized McFadden form is estimated using panel data on the transmission–distribution stage of nine Japanese electric utility firms. The results show that there exist the technological externality effects of generation facilities on the cost of the transmission–distribution stage, suggesting economies of vertical integration.},
 pages = {67--81},
 title = {Technological Externalities and Economies of Vertical Integration in the Electric Utility Industry},
 volume = {22},
 year = {2004}
}