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The substitutability of nuclear capital for thermal capital and the shadow price in the Korean electric power industry

โœ Scribed by Myunghun Lee; Yingmei Jin

Book ID
119237770
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
260 KB
Volume
51
Category
Article
ISSN
0301-4215

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## Abstract We test the underinvestment hypothesis (the soโ€called Furubotnโ€“Pejovich effect) from the specialized literature on coโ€ops by comparing the shadow price of capital and the dual capacity utilization index for a panel of Italian cooperative and conventional firms, 1996โ€“2003. The results do