Environmental ScienceEconomics

Characteristics of a Polluting Technology: Theory and Practice

William L. Weber, R. Färe, S. Grosskopf

2003.11.21Environmental Economics

DOI: 10.2139/ssrn.394342

tlooto Summary

Study measures efficiency of 209 electric utilities using directional output distance function to estimate shadow price of sulfur dioxide and Morishima elasticity of output substitution.

Abstract

The directional output distance function is used to measure the efficiency of 209 electric utilities in 1993 and 1997. Exploiting duality conditions, the directional output distance function is used to estimate the shadow price of sulfur dioxide and the Morishima elasticity of output substitution.

Citation format

WEBER, William L.; FÄRE, R.; GROSSKOPF, S. Characteristics of a polluting technology: Theory and practice. Environmental Economics, 2003.