approach for classical theory are unclear. First, the value-theoretic definitions of skill differentials and bads capture at …

approach for classical theory are unclear. First, the value-theoretic definitions of skill differentials and bads capture at …

used in textbooks is too general to make sense in pollution modelling. Specifying bads as if they are inputs, although may …. Extending the non-parametric efficiency approach to cover bads as outputs, assuming weak disposability of the bads as the only …

used in textbooks is too general to make sense in pollution modelling. Specifying bads as if they are inputs, although may …. Extending the non-parametric efficiency approach to cover bads as outputs, assuming weak disposability of the bads as the only …

Mitchener and Weidenmier (2005) and Ferguson and Schularick (2006), neglect the associated public bads. This paper highlights … the potential public bads. We formulate the leading public bads. We explore the public bads in the context explored by …

investigates this proposition, focusing on public bads. Theoretically it is, indeed, possible that shareholders decide that the … firm reduces its public bads at the cost of profits, thereby increasing Pareto-efficiency. One of the factors which help …, the greater the reduction will tend to be. It is shown that the reduction in public bads can be reversed by takeovers, but …