Substitutability among undesirable outputs Public Deposited

http://ir.library.oregonstate.edu/concern/defaults/z316q2403

This is a scanned version of a published article. The original can be found at:  http://www.tandfonline.com/toc/raec20/current#.Ugwkw3fAF8F. To the best of our knowledge, one or more authors of this paper were federal employees when contributing to this work.

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  • In recent years, economists have started to move beyond calculating regulatory effects on a pollutant-by-pollutant basis since their interaction is important. In this study, we take up this issue. To allow for joint production of multiple pollutants and marketable output, we specify our technology using a directional distance function. This allows us to treat pollutants as joint outputs, yet accounts for their ‘undesirability’. We estimate the distance function for a sample of coal-fired electric power plants from 1985 to 1998, which includes the first 4 years of Phase I of the Clean Air Act Amendments of 1990. We focus on the interaction between SO₂ and NOₓ , as they became more highly regulated and estimate shadow prices of the pollutants and the Morishima elasticity of transformation between two pollutants, NOₓ and SO₂, as well as with respect to the desirable output, kilowatt-hours of electricity. As expected, we find that power plants increase NOₓ emissions as they decrease SO₂, i.e. they are substitutes.
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  • Rolf Fare, Shawna Grosskopf, Carl A. Pasurka Jr & William L. Weber (2012): Substitutability among undesirable outputs, Applied Economics, 44: 1, 39-47
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  • description.provenance : Submitted by Deanne Bruner (deanne.bruner@oregonstate.edu) on 2013-08-15T18:29:39Z No. of bitstreams: 1 GrosskopfShawnaEconomicsSubstitutabilityAmongUndesirable.pdf: 196916 bytes, checksum: bd105dda548589682a9dd81bee86861c (MD5)
  • description.provenance : Made available in DSpace on 2013-08-15T18:30:18Z (GMT). No. of bitstreams: 1 GrosskopfShawnaEconomicsSubstitutabilityAmongUndesirable.pdf: 196916 bytes, checksum: bd105dda548589682a9dd81bee86861c (MD5) Previous issue date: 2012
  • description.provenance : Approved for entry into archive by Deanne Bruner(deanne.bruner@oregonstate.edu) on 2013-08-15T18:30:18Z (GMT) No. of bitstreams: 1 GrosskopfShawnaEconomicsSubstitutabilityAmongUndesirable.pdf: 196916 bytes, checksum: bd105dda548589682a9dd81bee86861c (MD5)

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