Färe, Rolf; Grosskopf, Shawna; Pasurka, Carl - In: Journal of Productivity Analysis 26 (2006) 3, pp. 259-267
This study introduces an Environmental Performance Index (EPI) to assess the performance of firms that produce both good and bad outputs. In the one good output one bad output case, the EPI simplifies to the ratio of good–bad output for period t + 1 and period t. After deriving the index,...