EconPapers    
Economics at your fingertips  
 

The impact of market structure on environmental efficiency in the United States: A quantile approach

George Halkos () and Michael Polemis ()

Business Strategy and the Environment, 2019, vol. 28, issue 1, 127-142

Abstract: This paper investigates the relationship between efficiency and market structure for a sample of industrial facilities dispersed among the U.S. states. In order to measure the relevant efficiency scores, we use a data envelopment analysis allowing for the inclusion of desirable and undesirable (toxic chemical releases) outputs in the production function. In the next stage, we utilize the bootstrapped quantile regression methodology to uncover possible nonlinear relationships between efficiency and competition at the mean and at various quantiles before and after the global financial crisis (2002 and 2012). In this way, we impose no functional form constraints on parameter values over the conditional distribution of the dependent variable (efficiency). At the same time, we estimate at which part of its cumulative distribution function the efficiency is located and draw substantial conclusions about the range of policy measures obtained. The empirical findings indicate that the relationship between efficiency and market concentration did change in the aftermath of the global financial crisis. The empirical results survived robustness checks under the inclusion of an alternative market concentration indicator (CR8).

Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1002/bse.2244

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:28:y:2019:i:1:p:127-142

Ordering information: This journal article can be ordered from
http://onlinelibrary ... 1002/(ISSN)1099-0836

Access Statistics for this article

Business Strategy and the Environment is currently edited by Richard Welford

More articles in Business Strategy and the Environment from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-06-24
Handle: RePEc:bla:bstrat:v:28:y:2019:i:1:p:127-142