This article shows how dierent promotion schemes for renewables aect economic welfare. Given that the abatement of greenhouse gases is optimally internalized by taxes or emissions trading, our starting point is that the external benefits from renewable energy promotion are not related to actual...

In certain circumstances, both researchers and policy makers are faced with the challenge of determining individual eciency scores for each decision making unit (DMU) under consideration. In this study, we use a Monte Carlo experimentation to analyze the optimal approach to determining...

Based on the seminal paper of Farrell (1957), researchers have developed several methods for measuring eciency. Nowadays, the most prominent representatives are nonparametric data envelopment analysis (DEA) and parametric stochastic frontier analysis (SFA), both introduced in the late 1970s....