Productivity and Undesirable Outputs: A Directional Distance Function Approach

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Summary

A directional distance function is introduced and used as a component in a new productivity index that readily models joint production of goods and bads, credits firms for reductions in bads and increases in goods, and does not require shadow prices of bad outputs.

Type
preprint
Published
1995-11-09
Cited by
2,351
References
12

Keywords

Productivity, Production (economics), Index (typography), Function (biology), Joint (building)

References

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