@article{VanMeensel:51725,
      recid = {51725},
      author = {Van Meensel, Jef and Lauwers, Ludwig H. and Van  Huylenbroeck, Guido and Van Passel, Steven},
      title = {Exploring production-theoretical insights for analyzing  trade-offs between economic performance and environmental  pressure at firm level},
      address = {2009},
      number = {1005-2016-78924},
      series = {Contributed Paper},
      pages = {21},
      year = {2009},
      abstract = {The objective of this paper is to construct a framework  for analyzing trade-offs between economic performance and  environmental pressure at firm level. Based on a literature  review, partially conflicting economic-environmental  trade-off paradigms are structured and five necessary  conditions for adequate trade-off analysis are put forward.  These conditions are delimitating a clear system for which  trade-offs are analyzed, assessing the direction of  causality between economic performance and environmental  pressure, allowing for firm-specific trade-off differences,  comprehensiveness with respect to management activities  that can be evaluated and flexibility to analyze trade-offs  under different market and environmental regulation  conditions. To deal with the causality condition,  theoretically consistent production, cost, revenue and  emission functions are constructed, taking into account the  materials balance principle for emission. The linkage  between production, economic performance and environmental  pressure is then used to construct a framework that  integrates the five necessary conditions for trade-off  analysis. Our theoretical elaboration shows that  economic-environmental implications are firm-specific and  depend on the management activity that is applied, on  market conditions and on environmental regulation  conditions. Theoretically, both pollution prevention and  end-of-pipe measures may yield positive or negative  economic-environmental trade-offs. Economic-environmental  implications of different management activities represent  different stages in the trade-off curve. In fact, the  partially conflicting trade-off paradigms in literature are  also different stages in the trade-off curve. At the end of  this paper, some recommendations are given for making the  framework operational.},
      url = {http://ageconsearch.umn.edu/record/51725},
      doi = {https://doi.org/10.22004/ag.econ.51725},
}