ESTIMATION OF PRODUCTION TECHNOLOGIES WITH OUTPUT AND ENVIRONMENTAL CONSTRAINTS

• 成果类型: Article
• 署名作者: Atkinson, Scott E.; Luo, Rong
• 署名单位: University System of Georgia; University of Georgia; Renmin University of China
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12675
• 发表日期: 2024
• 页码: 755-780
• 关键词: price leadership; buyer search; entry; MODEL; COMPETITION; BEHAVIOR; MARKETS; COORDINATION; INFORMATION; dispersion

摘要

Coal-fired power plants minimize costs subject to output and emission constraints. We model the plants' choice of coal quality and emission abatement to minimize costs under these constraints, allowing for heterogeneous unobserved generation productivity and abatement efficiency. We derive and estimate the plants' cost functions to recover the production technologies. Our data set is a balanced panel of 76 U.S. coal-fired power plants from 1995 to 2005, when the emission permit trading system was viable. We find a dramatic growth in abatement efficiency, a major goal of the Acid Rain Program. By contrast, the growth in generation productivity is positive but small.