Hampf, Benjamin (2015)
Estimating the Materials Balance Condition: A Stochastic Frontier Approach.
Report, Erstveröffentlichung
Kurzbeschreibung (Abstract)
In this paper we propose a stochastic formulation of the materials balance condition which imposes physical constraints on production technologies. The estimation of the model involves a composed error term structure that is commonly applied in the literature on stochastic frontier analysis of productive effciency. Moreover, we discuss how OLS, maximum likelihood and Bayesian methods can be used to estimate the proposed model. In contrast to previous approaches our model allows to estimate the physical limitations to production possibilities in the presence of statistical noise and depends on substantially weaker data requirements. We demonstrate the applicability of our new approach by estimating the materials balance cndition for SO2 and CO2 using a sample of fossil-fueled power plants in the United States.
| Typ des Eintrags: | Report | ||||
|---|---|---|---|---|---|
| Erschienen: | 2015 | ||||
| Autor(en): | Hampf, Benjamin | ||||
| Art des Eintrags: | Erstveröffentlichung | ||||
| Titel: | Estimating the Materials Balance Condition: A Stochastic Frontier Approach | ||||
| Sprache: | Englisch | ||||
| Publikationsjahr: | 17 April 2015 | ||||
| Reihe: | Darmstadt Discussion Papers in Economics | ||||
| Band einer Reihe: | 226 | ||||
| URL / URN: | http://tuprints.ulb.tu-darmstadt.de/4699 | ||||
| Kurzbeschreibung (Abstract): | In this paper we propose a stochastic formulation of the materials balance condition which imposes physical constraints on production technologies. The estimation of the model involves a composed error term structure that is commonly applied in the literature on stochastic frontier analysis of productive effciency. Moreover, we discuss how OLS, maximum likelihood and Bayesian methods can be used to estimate the proposed model. In contrast to previous approaches our model allows to estimate the physical limitations to production possibilities in the presence of statistical noise and depends on substantially weaker data requirements. We demonstrate the applicability of our new approach by estimating the materials balance cndition for SO2 and CO2 using a sample of fossil-fueled power plants in the United States. |
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| URN: | urn:nbn:de:tuda-tuprints-46990 | ||||
| Zusätzliche Informationen: | JEL classification: Q53, C51, Q40, D24 |
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| Sachgruppe der Dewey Dezimalklassifikatin (DDC): | 300 Sozialwissenschaften > 330 Wirtschaft | ||||
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Empirische Wirtschaftsforschung |
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| Hinterlegungsdatum: | 13 Mär 2016 20:55 | ||||
| Letzte Änderung: | 09 Apr 2024 11:15 | ||||
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