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Scale, productivity growth and risk response under uncertainty AgEcon
Hranaiova, Jana; Stefanou, Spiro E..
SUMMARY: This study focuses on the analysis of the production behavior and risk preferences in the presence of output price uncertainty. Following a theoretical model based on the assumption of maximization of expected utility of profits, the approach used in this study infers information about risk preferences from the production characteristics of the farm. In addition, the nonparametric method of estimating elasticity of scale and technical change eliminates the need to impose a uniform production or cost functions on individual producers. The approach is applied to a panel of dairy farms, which are evaluated for their elasticity of scale and the total productivity growth components of their operations. Estimates of farmers' risk attitudes...
Tipo: Journal Article Palavras-chave: Uncertainty; Risk Aversion; Productivity Growth; Productivity Analysis; Q14.
Ano: 2002 URL: http://purl.umn.edu/28760
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Efficiency, Productivity and Environmental Policy: A Case Study of Power Generation in the EU AgEcon
Jaraite, Jurate; Di Maria, Corrado.
This study uses the EU public power generating sector as a case study to investigate the environmental efficiency and productivity enhancing performance of the European Union’s CO2 Emissions Trading Scheme (EU ETS) in its pilot phase. Using Data Envelopment Analysis methods, we measure the environmental efficiency and the productivity growth registered in public power generation across the EU over the 1996-2007 period. In the second stage of our analysis we attempt to explain changes in productivity and efficiency over time using state-of-the-art econometric techniques. Our analysis suggests two conclusions: on the one hand carbon pricing led to an increase in environmental efficiency and to a shift outwards of the technological frontier; on the other...
Tipo: Working or Discussion Paper Palavras-chave: Emissions Trading; EU ETS; Environmental Efficiency; Productivity Growth; Data Envelopment Analysis; Environmental Economics and Policy; O38; Q48; Q58.
Ano: 2011 URL: http://purl.umn.edu/101297
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