On the properties of an emission-generating technology and its parametric representation

Verfasser / Beitragende:
[Sushama Murty]
Ort, Verlag, Jahr:
2015
Enthalten in:
Economic Theory, 60/2(2015-10-01), 243-282
Format:
Artikel (online)
ID: 605475539
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024 7 0 |a 10.1007/s00199-015-0877-8  |2 doi 
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100 1 |a Murty  |D Sushama  |u Department of Economics, University of Exeter Business School, University of Exeter, Streatham Court, Rennes Drive, EX4 4PU, Exeter, Devon, UK  |4 aut 
245 1 0 |a On the properties of an emission-generating technology and its parametric representation  |h [Elektronische Daten]  |c [Sushama Murty] 
520 3 |a We propose a set of comprehensive axioms that seek to capture our intuitive understanding of the properties of an emission-generating technology (EGT). We show that an EGT that satisfies these axioms can be parametrically represented by more than one implicit production function that are derived from it. Here, these production functions take the form of distance functions first introduced by Shephard (Cost and production functions, Princeton University Press, Princeton,1953) and Malmquist (Trabajos de estadistica 4:209-242,1953). One of these production relations has properties of a neo-classical production function that shows how standard inputs are transformed into standard (intended) outputs. The remaining reflect trade-offs, observed in nature, between emissions, emission-causing goods, and cleaning-up activities of the producing unit. We illustrate this by considering two cases: (1) where each type of cleaning-up activity jointly mitigates all types of emissions and (2) where cleaning-up activities are emission-specific allowing also for the possibility that a cleaning-up activity, while helping to reduce certain emissions, can also contribute to more of some other types of emissions. 
540 |a Springer-Verlag Berlin Heidelberg, 2015 
690 7 |a Theory of production  |2 nationallicence 
690 7 |a Emission-generating technologies  |2 nationallicence 
690 7 |a By-production  |2 nationallicence 
690 7 |a Free input and output disposability  |2 nationallicence 
690 7 |a Weak disposability  |2 nationallicence 
690 7 |a Costly disposability  |2 nationallicence 
690 7 |a Functional representations of multi-output production technologies  |2 nationallicence 
773 0 |t Economic Theory  |d Springer Berlin Heidelberg  |g 60/2(2015-10-01), 243-282  |x 0938-2259  |q 60:2<243  |1 2015  |2 60  |o 199 
856 4 0 |u https://doi.org/10.1007/s00199-015-0877-8  |q text/html  |z Onlinezugriff via DOI 
898 |a BK010053  |b XK010053  |c XK010000 
900 7 |a Metadata rights reserved  |b Springer special CC-BY-NC licence  |2 nationallicence 
908 |D 1  |a research-article  |2 jats 
949 |B NATIONALLICENCE  |F NATIONALLICENCE  |b NL-springer 
950 |B NATIONALLICENCE  |P 856  |E 40  |u https://doi.org/10.1007/s00199-015-0877-8  |q text/html  |z Onlinezugriff via DOI 
950 |B NATIONALLICENCE  |P 100  |E 1-  |a Murty  |D Sushama  |u Department of Economics, University of Exeter Business School, University of Exeter, Streatham Court, Rennes Drive, EX4 4PU, Exeter, Devon, UK  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Economic Theory  |d Springer Berlin Heidelberg  |g 60/2(2015-10-01), 243-282  |x 0938-2259  |q 60:2<243  |1 2015  |2 60  |o 199