In this paper, we employ a multi-objective programming model to estimate the power generation mix trade-off between generation costs and COSUB align=rightSMALL2/SMALL/SUB emissions in Taiwan. Eight policy scenarios are simulated and compared to the reference and base cases. The empirical results...

In this paper, we employ a multi-objective programming model to estimate the power generation mix trade-off between generation costs and CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions in Taiwan. Eight policy scenarios are simulated and compared to the reference and base cases. The empirical results show that, for the...</small></sub>

This paper examines a utility's behaviour under the regulatory constraint of a maximum allowable rate of return. The golden rule of production efficiency, i.e. that the marginal productivities of the input factors are equal, is used as our criterion to examine the utility's economic behaviour....