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| Kuosmanen, Timo; Kuosmanen, Natalia. |
| Sustainability is a multidimensional concept that entails economic, environmental, and social aspects. The sustainable value (SV) method is one of the most promising attempts to quantify sustainability performance of firms. SV compares performance of a firm to a benchmark, which must be estimated in one way or another. This paper examines alternative parametric and nonparametric methods for estimating the benchmark technology from empirical data. Reviewed methods are applied to an empirical data of 332 Finnish dairy farms. The application reveals four interesting conclusions. First, the greater flexibility of the nonparametric methods is evident from the better empirical fit. Second, negative skewness of the regression residuals of both parametric OLS and... |
| Tipo: Journal paper |
Palavras-chave: Environmental aspects. |
| Ano: 2009 |
URL: http://orgprints.org/17189/1/kuosmanen.pdf |
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| Kuosmanen, Timo; Laukkanen, Marita. |
| Many environmental problems involve the transformation of multiple harmful substances into one or more damage agents much in the same way as a firm transforms inputs into outputs. Yet environmental management differs from a firm's production in one important respect: while a firm seeks efficient input allocation to maximize profit, an environmental planner allocates abatement efforts to render the production of damage agents as inefficient as possible. We characterize a solution to the hmultiple pollutants problem and show that the optimal policy is often a corner solution, in which abatement is focused on a single pollutant. Corner solutions may arise even in well-behaved problems with concave production functions and convex damage and cost functions.... |
| Tipo: Report |
Palavras-chave: Environmental aspects. |
| Ano: 2009 |
URL: http://orgprints.org/16452/1/discuss5.pdf |
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