Using the latent class approach to cluster firms in benchmarking: An application to the US electricity transmission industry
(2014)
Journal Article
Llorca, M., Orea, L., & Pollitt, M. (2014). Using the latent class approach to cluster firms in benchmarking: An application to the US electricity transmission industry. Operations research perspectives, 1(1), 6-17. https://doi.org/10.1016/j.orp.2014.03.002
In this paper we advocate using the latent class model (LCM) approach to control for technological differences in traditional efficiency analysis of regulated electricity networks. Our proposal relies on the fact that latent class models are designed... Read More about Using the latent class approach to cluster firms in benchmarking: An application to the US electricity transmission industry.