The objective of this paper is to analyze the impact of regulatory and environmental conditions on technical efficiency of European railways. Using a panel data set of 31 railway firms from 22 European countries from 1994 to 2005, a multioutput distance function model, including regulatory and...

This paper focuses on the climate change challenge faced by Central & Eastern European countries both those inside the European Union and those outside it. They have enormous energy intensity and associated greenhouse gas (GHG) emissions, mainly from energy production, which is oil, and worse,...

This paper contributes to the empirical literature on the relationship between environmental regulation and firm behavior. In particular, we ask whether and how strongly an industry's investment responds to stringency in environmental regulation. Environmental stringency is measured as (i) an...