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oai:uvadoc.uva.es:10324/843052026-04-27T19:05:22Zcom_10324_35294com_10324_952com_10324_894col_10324_35295

Maziotis, Alexandros Molinos Senante, María 2026 Producción Científica Improving the efficiency of water utilities is a key objective for regulators and policymakers, particularly in capital-intensive sectors such as water services. In this context, cost efficiency refers to the ability of water companies to provide a given level of service at the minimum possible cost. This study evaluates the cost efficiency of English and Welsh water utilities over the period 1991–2019 while accounting for technological heterogeneity across companies. To address this issue, a latent class stochastic frontier model is applied, allowing firms with similar technological characteristics to be grouped into different classes. The empirical analysis is based on a sample of English and Welsh water utilities from 1991 to 2019. The results identify three distinct groups of water utilities with average cost efficiency scores of 0.981, 0.983 and 0.965. Overall, the estimated efficiency levels are relatively high and remain stable over time, with limited potential for additional cost savings. The results also highlight differences in returns to scale and cost drivers across the identified classes of utilities. application/pdf https://uvadoc.uva.es/handle/10324/84305 eng Springer Nature Economía de la energía Procesos sostenibles 3308 Ingeniería y Tecnología del Medio Ambiente 3305.15 Ingeniería Hidráulica Evaluating Cost Efficiency in Water Utilities: a Latent Class Stochastic Frontier Approach to Address Technological Heterogeneity info:eu-repo/semantics/article TEXT UVaDOC. Repositorio Documental de la Universidad de Valladolid Hispana