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Encyclopedia of Energy, Natural Resource, and Environmental Economics
This paper surveys the literature on the joint production of good and bad outputs. Recently, material balance has arisen as an issue in this literature as a restriction on the technology, which we also address. We use our preferred specification of joint production technology and estimate the efficiency of U.S. electric utilities in a network setting. This network allows to specify two subtechnologies, one of which is an abatement technology. * We would like to thank participants at the Veronadoi:10.1016/b978-0-12-375067-9.00134-0 fatcat:5djpa7mrxncppgxupaffnis3fi