Bremberger, Christoph, Bremberger, Francisca, Luptacik, Mikulas, Schmitt, Stephan. 2015. Regulatory impact of environmental standards on the eco-efficiency of firms. JORS. Journal of the Operational Research Society (früher: Operational Research Quarterly) 66 (3), 421-433.
BibTeX
Abstract
In this paper we propose an approach to implement environmental standards into Data Envelopment Analysis (DEA) and in this way to measure their regulatory impact on eco-efficiency of firms. As one standard feature of basic DEA models (as e.g. CCR from Charnes et al. (1978)) lies in the exogeneity of inputs, desirable and undesirable outputs, it is not possible to introduce environmental constraints for these parameters directly into basic DEA models. Therefore, we use a bounded-variable way, which allows constraints on the efficiency frontier. The regulatory impact is assessed as difference in eco-efficiency scores before and after fictive introduction of an environmental standard. Furthermore, we distinguish between weak and strong disposability of undesirable outputs and develop corresponding models. Assessing the regulatory impact of environmental standards in advance provides support for environmental policy makers in choosing appropriate instruments and in adjusting the intensity of regulation.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | JORS. Journal of the Operational Research Society (früher: Operational Research Quarterly) |
Citation Index | SSCI |
WU Journalrating 2009 | A |
WU-Journal-Rating new | FIN-A, INF-A, STRAT-B, VW-D, WH-B |
Language | English |
Title | Regulatory impact of environmental standards on the eco-efficiency of firms |
Volume | 66 |
Number | 3 |
Year | 2015 |
Page from | 421 |
Page to | 433 |
Reviewed? | Y |
DOI | http://dx.doi.org/10.1057/jors.2013.176 |
Associations
- People
- Bremberger, Christoph (Former researcher)
- Bremberger, Francisca (Details)
- Luptacik, Mikulas (Details)
- Schmitt, Stephan (Former researcher)
- Organization
- Institute for Corporate Governance IN (Details)
- Research Institute for Regulatory Economics FI (Details)
- Department of Economics (Crespo Cuaresma) (Details)