Performance evaluation of two-stage network systems with tradable intermediate measures: An application to China's steel industry

Key Points

• Performance evaluation reveals differences in efficiency across two-stage network systems.
• Key evidence shows that tradable intermediate measures can significantly enhance system performance in steel production.
• Assessment using performance metrics evaluates network systems specifically in the context of China's steel industry.
• This analysis highlights the potential for improving industrial efficiency, advocating for broader application of tradable metrics.