The effect of allocative inefficiency on CO2 abatement costs for the Korean steel industry: a shadow cost approach
Firms facing a regulatory environment are unlikely to maintain an optimal combination of input rates subject to market prices while bearing the costs incurred by this allocative inefficiency. The distance function approach, widely used in the extant literature, fails to capture the costs of this all...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2017-03-01
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| Series: | Carbon Management |
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| Online Access: | http://dx.doi.org/10.1080/17583004.2017.1306427 |