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The Dynamic Allocative Efficiency of a Public Utility: Swiss Telecommunications

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  • Antonio Manzini
  • Philippe Thalmann

Abstract

Public utilities are typically endowed with the following characteristics that are likely to affect their performance: (1) no competitors, (2) political pressures and regulation, (3) soft budget constraints. This paper explores the efficiency of such a utility, the Swiss telecommunication monopolist, which should supply universal service at minimum cost. It develops a new approach that makes it possible to handle the dynamics introduced by capital accumulation under adjustment costs. Excessive costs are estimated at 1.5 percent for the 1957-1992 period. One half of the cost savings were obtainable by better intra-temporal input choice, the other half by smoothing the path of capital accumulation.

Suggested Citation

  • Antonio Manzini & Philippe Thalmann, 1994. "The Dynamic Allocative Efficiency of a Public Utility: Swiss Telecommunications," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 130(II), pages 129-144, June.
    • Handle: RePEc:ses:arsjes:1994-ii-1
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    Cited by:

    1. Bielov, Constantine & Mitomo, Hitoshi & Hämmäinen, Heikki, 2022. "Efficiency frontier of OECD MNOs: Multinational vs Domestic," Telecommunications Policy, Elsevier, vol. 46(5).
    2. Athanassopoulos, Antreas D. & Giokas, Dimitris, 1998. "Technical efficiency and economies of scale in state owned enterprises: The Hellenic telecommunications organisation," European Journal of Operational Research, Elsevier, vol. 107(1), pages 62-75, May.

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