Modeling emission-generating technologies: Reconciliation of axiomatic and by-production approaches

Sushama Murty () and R. Robert Russell ()
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R. Robert Russell: University of California, Riverside

Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers from Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India

Abstract: We study the link between the by-production approach of Murty, Russell, and Levkoff [2012 J. Environ. Econ.] (MRL) and the axiomatic approach of Murty [2015 Econ. Theory] to modelling emission-generating technologies. We show that the by-production technology of MRL, obtained as an intersection of two independent sub-technologies, satisfies all the Murty axioms. Conversely, a technology satisfying all these axioms decomposes into two independent sub- technologies having the MRL features. These two sub-technologies, reflect, respectively, the relations between goods in intended-output production designed by human engineers, on the one hand, and the emission-generating mechanism of nature governed by material-balance considerations, on the other. In either approach, the technology can be functionally represented by two radial distance functions with well-defined properties. These distance functions can also serve as measures of technological and environmental efficiency. We exploit the link between the by-production and axiomatic approaches to offer preliminary suggestions about suitable functional forms for the empirical estimation of the two distance functions.

Pages: 34 pages
New Economics Papers: this item is included in nep-ene and nep-env
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Related works:
Journal Article: Modeling emission-generating technologies: reconciliation of axiomatic and by-production approaches (2018)
Working Paper: Modeling Emission-Generating Technologies: Reconciliation of Axiomatic and By-Production Approaches (2016)
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