Shadow Prices Of Sulfur Dioxide Allowance In Phase I Electric Utilities
The divergence of SO2 allowance price from initial estimates has spawned substantial interest since emission trading began. This paper uses non-parametric DEA to calculate technical, output revenue and allocative efficiency measures of Phase I electric plants. The allocative efficiency measure is then used to determine if allowance prices actually reflect opportunity costs.
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- Coggins, Jay S. & Swinton, John R., 1996.
"The Price of Pollution: A Dual Approach to Valuing SO2Allowances,"
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- Ellerman, A. Denny & Montero, Juan-Pablo, 1998. "The Declining Trend in Sulfur Dioxide Emissions: Implications for Allowance Prices," Journal of Environmental Economics and Management, Elsevier, vol. 36(1), pages 26-45, July. Full references (including those not matched with items on IDEAS)