Potential gains from trading bad outputs: The case of US electric power plants

被引:76
作者
Faere, Rolf [1 ,2 ]
Grosskopf, Shawna [1 ]
Pasurka, Carl A., Jr. [3 ]
机构
[1] Oregon State Univ, Dept Econ, Corvallis, OR 97331 USA
[2] Oregon State Univ, Dept Agr & Resource Econ, Corvallis, OR 97331 USA
[3] US Environm Protect Agcy 1809T, Off Policy, Washington, DC 20460 USA
关键词
Joint production; Weak disposability; Tradable permits; POLLUTION;
D O I
10.1016/j.reseneeco.2013.11.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
Jointly with kilowatt-hours (kWh), electric power plants also produce CO2, NOX, and SO2. In this paper, we apply an environmental production model based on data envelopment analysis (DEA) to compare the production of kWh under command-and-control regulation of the undesirable byproduct with tradable permit regulation of the byproduct. This is done for each of the three undesirable outputs and combinations of them. We apply our model to a dataset of 80 coal-fired electric power plants from 1995 to 2005. From this we can identify the potential gains from trading the most common undesirable outputs produced by coal-fired electric power plants. Published by Elsevier B.V.
引用
收藏
页码:99 / 112
页数:14
相关论文
共 17 条
  • [1] Non-separable pollution control: Implications for a CO2 emissions cap and trade system
    Agee, Mark D.
    Atkinson, Scott E.
    Crocker, Thomas D.
    Williams, Jonathan W.
    [J]. RESOURCE AND ENERGY ECONOMICS, 2014, 36 (01) : 64 - 82
  • [2] On the inconsistency of the Malmquist-Luenberger index
    Aparicio, Juan
    Pastor, Jesus T.
    Zofio, Jose L.
    [J]. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 2013, 229 (03) : 738 - 742
  • [3] MARKET FAILURE IN INCENTIVE-BASED REGULATION - THE CASE OF EMISSIONS TRADING
    ATKINSON, S
    TIETENBERG, T
    [J]. JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 1991, 21 (01) : 17 - 31
  • [4] THE EMPIRICAL PROPERTIES OF 2 CLASSES OF DESIGNS FOR TRANSFERABLE DISCHARGE PERMIT MARKETS
    ATKINSON, SE
    TIETENBERG, TH
    [J]. JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 1982, 9 (02) : 101 - 121
  • [5] The concept of joint production and ecological economics
    Baumgärtner, S
    Dyckhoff, H
    Faber, M
    Proops, J
    Schiller, J
    [J]. ECOLOGICAL ECONOMICS, 2001, 36 (03) : 365 - 372
  • [6] Ancillary benefits of reduced air pollution in the US from moderate greenhouse gas mitigation policies in the electricity sector
    Burtraw, D
    Krupnick, A
    Palmer, K
    Paul, A
    Toman, M
    Bloyd, C
    [J]. JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 2003, 45 (03) : 650 - 673
  • [7] Sulfur dioxide control by electric utilities: What are the gains from trade?
    Carlson, C
    Burtraw, D
    Cropper, M
    Palmer, KL
    [J]. JOURNAL OF POLITICAL ECONOMY, 2000, 108 (06) : 1292 - 1326
  • [8] Tradable permits and unrealized gains from trade
    Faere, Rolf
    Grosskopf, Shawna
    Pasurka, Carl A., Jr.
    [J]. ENERGY ECONOMICS, 2013, 40 : 416 - 424
  • [9] Substitutability among undesirable outputs
    Faere, Rolf
    Grosskopf, Shawna
    Pasurka, Carl A., Jr.
    Weber, William L.
    [J]. APPLIED ECONOMICS, 2012, 44 (01) : 39 - 47
  • [10] EFFECTS ON RELATIVE EFFICIENCY IN ELECTRIC-POWER GENERATION DUE TO ENVIRONMENTAL CONTROLS
    FARE, R
    GROSSKOPF, S
    PASURKA, C
    [J]. RESOURCES AND ENERGY, 1986, 8 (02): : 167 - 184