Table 4: Measures of Data Fit
|
Technology fixed effects only |
CLI |
CLII |
RPL | |
|
Log-Iikelihood value |
-1008.10 |
955.04 |
917.17 |
783.61 |
|
at convergence | ||||
|
Number of parameters |
8 |
10 |
14 |
20 |
|
LR test statistic |
- |
106.12 |
75.74 |
267.12 |
|
p-value |
<0.001 |
<0.001 |
<0.001 |
Table 5: Average Capital Cost and Variable Compliance Cost
Marginal Effects for Commonly Selected Technologies(RPL)
|
Technology |
Capital cost marginal effects |
Variable cost marginal effects | ||
|
Regulated |
Restructured |
Regulated |
Restructured | |
|
CM |
-0.051 |
-0.090 |
-0.072 |
-0.109 |
|
LNB |
-0.125 |
-0.204 |
-0.147 |
-0.246 |
|
SCR |
-0.008 |
-0.013 |
-0.043 |
-0.049 |
|
SNCR |
-0.045 |
-0.075 |
-0.081 |
-0.119 |
Table 6: Elasticities of Choice Probabilities with Respect to Capital Cost
for Commonly Selected Technologies
|
Technology |
CLI |
RPL | ||
|
Regulated |
Restructured |
Regulated |
Restructured | |
|
CM |
-0.12 |
-0.55 |
-0.99 |
-1.70 |
|
LNB |
-0.18 |
-0.32 |
-1.40 |
-2.29 |
|
SCR |
-0.67 |
-1.46 |
-6.22 |
-10.76 |
|
SNCR |
-0.14 |
-0.22 |
-1.05 |
-1.76 |
Table 7: Elasticities of Choice Probabilities with Respect to Variable Compliance
Costs for Commonly Selected Technologies
|
Technology |
CLI |
RPL | ||
|
Regulated |
Restructured |
Regulated |
Restructured | |
|
CM |
-1.33 |
-1.43 |
-3.17 |
-5.22 |
|
LNB |
-1.11 |
-1.23 |
-2.53 |
-4.02 |
|
SCR |
-0.79 |
-1.14 |
-2.20 |
-3.76 |
|
SNCR |
-2.13 |
-2.19 |
-4.65 |
-7.40 |
43