Technical change and pollution abatement costs
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文摘

Specify DEA model of the joint production of good and bad outputs.

Pollution abatement cost (PAC) is foregone good output when the bad output is regulated.

螖PAC results from: change in inputs, change in bad outputs, and technical change.

Operationalize model with balanced panel of 80 coal-fired power plants from 1995–2005.

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