On the Theory of By-Production of Emissions
AbstractWe identify the disposability properties of a production technology resulting from the simultaneous play of nature's emission-generating mechanism and the firm's intended production activities. Our axioms define a "by-production" technology (BPT), which has a novel functional representation and can be decomposed into a standard neo-classical intended-production technology and a nature's emission generation set.
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Bibliographic InfoPaper provided by Exeter University, Department of Economics in its series Discussion Papers with number 1202.
Date of creation: 2012
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theory of production; emission-generating production technologies; free input and output disposability; weak disposability; costly disposability; functional representations of multi-output production technologies.;
Find related papers by JEL classification:
- D20 - Microeconomics - - Production and Organizations - - - General
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-03 (All new papers)
- NEP-EFF-2012-09-03 (Efficiency & Productivity)
- NEP-ENE-2012-09-03 (Energy Economics)
- NEP-ENV-2012-09-03 (Environmental Economics)
- NEP-HPE-2012-09-03 (History & Philosophy of Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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The Warwick Economics Research Paper Series (TWERPS)
756, University of Warwick, Department of Economics.
- Murty, Sushama, 2010. "Externalities and fundamental nonconvexities: A reconciliation of approaches to general equilibrium externality modeling and implications for decentralization," Journal of Economic Theory, Elsevier, vol. 145(1), pages 331-353, January.
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