Article

Directional distance functions and environmental regulation

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Abstract
In this paper we use directional technology distance functions to evaluate the impact of environmental regulations on firms’ performance. Following Fa¨re et al. [Fa¨re, R., Grosskopf, S., Lovell, C.A.K., Pasurka, C., 1989. Multilateral productivity comparisons when some outputs are undesirable: a nonparametric approach. The Review of Economics and Statistics 71, 90–98.], we construct an index that measures opportunity costs for individual firms arising from regulations that prevent free disposal of wastes. The methodology is applied to a sample of Spanish producers of ceramic pavements. We assume that firms maximise desirable output simultaneously reducing inputs, with no change in the production of bad outputs. Our results show that when firms face environmental rules preventing free disposal of bads, their potential to increase desirable output by behaving efficiently is largely affected. We also find that large firms show smaller regulation costs. # 2004 Elsevier B.V. All rights reserved

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Ketersediaan

Informasi Detail

Judul Seri

Directional distance functions and environmental regulation

No. Panggil

ATC PO AND a

Penerbit

Spain : Elseiver., 2004

Deskripsi Fisik

12 halaman

Bahasa

English

ISBN/ISSN

-

Klasifikasi

ATC

Tipe Isi

-

Tipe Media

-

Tipe Pembawa

online resource

Edisi

-

Subjek

Material Management
Strategic Management
Office Management

Info Detail Spesifik

12 halaman

Pernyataan Tanggungjawab

Andre´s J. Picazo-Tadeo

Versi lain/terkait

Lampiran Berkas

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