Optimal investment policies for a polluting firm in an uncertain environment
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Buchanan, James M & Tullock, Gordon, 1975. "Polluters' Profits and Political Response: Direct Controls Versus Taxes," American Economic Review, American Economic Association, vol. 65(1), pages 139-147, March.
- Kort, Peter M., 1990.
"Dynamic firm behavior within an uncertain environment,"
European Journal of Operational Research, Elsevier, vol. 47(3), pages 371-386, August.
- Kort, P.M., 1988. "Dynamic firm behaviour within an uncertain environment," Research Memorandum FEW 311, Tilburg University, School of Economics and Management.
- Kort, Peter, 1990. "Dynamic firm behavior within an uncertain environment," Other publications TiSEM d44c9bfb-ddb9-46c7-a513-a, Tilburg University, School of Economics and Management.
- Kort, P.M., 1988. "Dynamic firm behaviour within an uncertain environment," Other publications TiSEM 12723b65-1a5d-41a8-a97c-9, Tilburg University, School of Economics and Management.
- Kort, P.M., 1992.
"The Effects of Marketable Pollution Permits on the Firm's Optimal Investment Policies,"
Papers
9242, Tilburg - Center for Economic Research.
- Kort, P.M., 1992. "The effects of marketable pollution permits on the firm's optimal investment policies," Other publications TiSEM 96ce33f2-2228-4e7a-86a5-7, Tilburg University, School of Economics and Management.
- Kort, Peter, 1995. "The effects of marketable pollution permits on the firm's optimal investment policies," Other publications TiSEM d62870b0-7a5c-4423-b14c-c, Tilburg University, School of Economics and Management.
- Kort, P.M., 1992. "The effects of marketable pollution permits on the firm's optimal investment policies," Discussion Paper 1992-42, Tilburg University, Center for Economic Research.
- Michel Demers, 1991. "Investment under Uncertainty, Irreversibility and the Arrival of Information Over Time," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 333-350.
- Takayama,Akira, 1985. "Mathematical Economics," Cambridge Books, Cambridge University Press, number 9780521314985, September.
- Huntley Schaller & Fanny Demers & Michel Demers, 1993. "Investments Under Uncertainty and Irreversibility," Carleton Economic Papers 93-10, Carleton University, Department of Economics, revised Sep 1990.
- William J. Baumol & Wallace E. Oates, 1971. "The Use of Standards and Prices for Protection of the Environment," Palgrave Macmillan Books, in: Peter Bohm & Allen V. Kneese (ed.), The Economics of Environment, pages 53-65, Palgrave Macmillan.
- Peter Kort & Paul Loon & Mikulás Luptácik, 1991.
"Optimal dynamic environmental policies of a profit maximizing firm,"
Journal of Economics, Springer, vol. 54(3), pages 195-225, October.
- Kort, P.M. & van Loon, P.M.J.J. & Luptacik, M., 1990. "Optimal dynamic environmental policies of a profit maximizing firm," Other publications TiSEM eba94e47-f9c5-4b1d-aa9d-0, Tilburg University, School of Economics and Management.
- Kort, Peter & van Loon, P.J.J.M. & Luptacik, M., 1991. "Optimal dynamic environmental policies of a profit maximizing firm," Other publications TiSEM eeabe3a7-e592-47bc-bac0-e, Tilburg University, School of Economics and Management.
- Kort, P.M. & van Loon, P.M.J.J. & Luptacik, M., 1990. "Optimal dynamic environmental policies of a profit maximizing firm," Research Memorandum FEW 433, Tilburg University, School of Economics and Management.
- Baumol,William J. & Oates,Wallace E., 1988.
"The Theory of Environmental Policy,"
Cambridge Books,
Cambridge University Press, number 9780521322249.
- Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521311120, September.
- Helfand, Gloria E, 1991. "Standards versus Standards: The Effects of Different Pollution Restrictions," American Economic Review, American Economic Association, vol. 81(3), pages 622-634, June.
- Pindyck, Robert S, 1988.
"Irreversible Investment, Capacity Choice, and the Value of the Firm,"
American Economic Review, American Economic Association, vol. 78(5), pages 969-985, December.
- Pindyck, Robert S., 1986. "Irreversible investment, capacity choice, and the value of the firm," Working papers 1802-86., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Robert S. Pindyck, 1986. "Irreversible Investment, Capacity Choice, and the Value of the Firm," NBER Working Papers 1980, National Bureau of Economic Research, Inc.
- Pindyck, Robert S., 1986. "Irreversible Investment, Capacity Choice and the Value of the Firm," Foerder Institute for Economic Research Working Papers 275412, Tel-Aviv University > Foerder Institute for Economic Research.
- Wirl, Franz, 1991. "Evaluation of management strategies under environmental constraints," European Journal of Operational Research, Elsevier, vol. 55(2), pages 191-200, November.
- Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hongmin Zhang & Jinghua Zhang, 2023. "Pollution Transfer under Intergovernmental Competition: Suppression or Opportunity," Sustainability, MDPI, vol. 15(21), pages 1-18, October.
- Andreas Welling, 2017. "Green Finance: Recent developments, characteristics and important actors," FEMM Working Papers 170002, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kort, P.M., 1991.
"Optimal abatement policies within a stochastic dynamic model of the firm,"
Research Memorandum
FEW 516, Tilburg University, School of Economics and Management.
- Kort, P.M., 1991. "Optimal abatement policies within a stochastic dynamic model of the firm," Other publications TiSEM 5ed8ab2a-bd13-49de-b58e-9, Tilburg University, School of Economics and Management.
- Kort, Peter, 1992. "Optimal abatement policies within a stochastic dynamic model of the firm," Other publications TiSEM 5ce51a1e-3fbd-4e51-be15-b, Tilburg University, School of Economics and Management.
- Kort, P.M., 1993.
"Pollution Control and the Dynamics of Firm : The Effects of Market Based Instruments on Optimal Firm Investments,"
Other publications TiSEM
7f93f736-2e2e-41e2-a3b5-c, Tilburg University, School of Economics and Management.
- Kort, P.M., 1993. "Pollution Control and the Dynamics of Firm : The Effects of Market Based Instruments on Optimal Firm Investments," Discussion Paper 1993-76, Tilburg University, Center for Economic Research.
- Kort, P.M., 1996. "Pollution control and the dynamics of the firm : The effects of market based instruments on optimal firm investments," Other publications TiSEM 5cae0640-791b-4377-9f03-3, Tilburg University, School of Economics and Management.
- Kort, P.M., 1992.
"The Effects of Marketable Pollution Permits on the Firm's Optimal Investment Policies,"
Papers
9242, Tilburg - Center for Economic Research.
- Kort, P.M., 1992. "The effects of marketable pollution permits on the firm's optimal investment policies," Other publications TiSEM 96ce33f2-2228-4e7a-86a5-7, Tilburg University, School of Economics and Management.
- Kort, Peter, 1995. "The effects of marketable pollution permits on the firm's optimal investment policies," Other publications TiSEM d62870b0-7a5c-4423-b14c-c, Tilburg University, School of Economics and Management.
- Kort, P.M., 1992. "The effects of marketable pollution permits on the firm's optimal investment policies," Discussion Paper 1992-42, Tilburg University, Center for Economic Research.
- Frans P. Vries & Nick Hanley, 2016.
"Incentive-Based Policy Design for Pollution Control and Biodiversity Conservation: A Review,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(4), pages 687-702, April.
- Frans P. de Vries & Nick Hanley, 2015. "Incentive-Based Policy Design for Pollution Control and Biodiversity Conservation:A Review," Discussion Papers in Environment and Development Economics 2015-21, University of St. Andrews, School of Geography and Sustainable Development.
- Jérôme Héricourt & Sandra Poncet, 2015.
"Exchange Rate Volatility, Financial Constraints, and Trade: Empirical Evidence from Chinese Firms,"
The World Bank Economic Review, World Bank, vol. 29(3), pages 550-578.
- Jérôme Héricourt & Sandra Poncet, 2012. "Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms," Working Papers 2012-35, CEPII research center.
- Jérôme Héricourt & Sandra Poncet, 2015. "Exchange Rate Volatility, Financial Constraints, and Trade: Empirical Evidence from Chinese Firms," Post-Print hal-01044989, HAL.
- Sandra Poncet & Jérôme Héricourt, 2013. "Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms," PSE - G-MOND WORKING PAPERS halshs-00960664, HAL.
- Sandra Poncet & Jérôme Héricourt, 2013. "Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00960664, HAL.
- Jérôme Héricourt & Sandra Poncet, 2015. "Exchange Rate Volatility, Financial Constraints, and Trade: Empirical Evidence from Chinese Firms," PSE-Ecole d'économie de Paris (Postprint) hal-01044989, HAL.
- Sandra Poncet & Jérôme Héricourt, 2013. "Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms," Working Papers halshs-00960664, HAL.
- Heericourt, Jerome & Poncet, Sandra, 2013. "Exchange rate volatility, financial constraints, and trade : empirical evidence from Chinese firms," Policy Research Working Paper Series 6638, The World Bank.
- Jérôme Héricourt & Sandra Poncet, 2013. "Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms," CESifo Working Paper Series 4303, CESifo.
- Jérôme Héricourt & Sandra Poncet, 2015. "Exchange Rate Volatility, Financial Constraints, and Trade: Empirical Evidence from Chinese Firms," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01044989, HAL.
- Don Fullerton & Ann Wolverton, 2002.
"The Case for a Two-Part Instrument: Presumptive Tax and Environmental Subsidy,"
Chapters, in: Don Fullerton & Thomas C. Kinnaman (ed.), The Economics of Household Garbage and Recycling Behavior, chapter 10, pages 175-200,
Edward Elgar Publishing.
- Don Fullerton & Ann Wolverton, 1997. "The Case for a Two-Part Instrument: Presumptive Tax and Environmental Subsidy," NBER Working Papers 5993, National Bureau of Economic Research, Inc.
- Daugbjerg, Carsten & Svendsen, Gert Tinggaard, 2001. "Designing green taxes in a political context: From optimal to feasible environmental regulation," Working Papers 01-17, University of Aarhus, Aarhus School of Business, Department of Economics.
- Sovacool, Benjamin K., 2015. "The political economy of pollution markets: Historical lessons for modern energy and climate planners," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 943-953.
- Rauscher, Michael, 2001. "International trade, foreign investment, and the environment," Thuenen-Series of Applied Economic Theory 29, University of Rostock, Institute of Economics.
- Luis H. R. Alvarez & Erkki Koskela, 2002.
"Irreversible Investment under Interest Rate Variability: New Results,"
CESifo Working Paper Series
640, CESifo.
- Luis H.R. Alvarez & Erkki Koskela, 2004. "Irreversible investment under interest rate variability: new results," Others 0404007, University Library of Munich, Germany.
- Alvarez, Luis H. R. & Koskela, Erkki, 2003. "Irreversible investment under interest rate variability: new results," Bank of Finland Research Discussion Papers 29/2003, Bank of Finland.
- Don Fullerton, 2001.
"A Framework to Compare Environmental Policies,"
Southern Economic Journal, John Wiley & Sons, vol. 68(2), pages 224-248, October.
- Don Fullerton, 2001. "A Framework to Compare Environmental Policies," NBER Working Papers 8420, National Bureau of Economic Research, Inc.
- Juan Carlos Bárcena‐Ruiz & María Begoña Garzón, 2022. "Environmental policy instruments and ownership of firms," Manchester School, University of Manchester, vol. 90(4), pages 385-408, July.
- Harstad, Bård & Eskeland, Gunnar S., 2010.
"Trading for the future: Signaling in permit markets,"
Journal of Public Economics, Elsevier, vol. 94(9-10), pages 749-760, October.
- Bard Harstad & Gunnar S. Eskeland, 2006. "Trading for the Future: Signaling in Permit Markets," Discussion Papers 1429, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Harstad, Bård & Eskeland, Gunnar S., 2010. "Trading for the Future: Signaling in Permit Markets," Discussion Papers 2010/2, Norwegian School of Economics, Department of Business and Management Science.
- Verhoef, Erik T. & Nijkamp, Peter, 1999. "Second-best energy policies for heterogeneous firms," Energy Economics, Elsevier, vol. 21(2), pages 111-134, April.
- Demers, Fanny S. & Demers, Michel & Schaller, Huntley, 1994. "Irreversible investment and costs of adjustment," CEPREMAP Working Papers (Couverture Orange) 9416, CEPREMAP.
- Peter Kort & Paul Loon & Mikulás Luptácik, 1991.
"Optimal dynamic environmental policies of a profit maximizing firm,"
Journal of Economics, Springer, vol. 54(3), pages 195-225, October.
- Kort, P.M. & van Loon, P.M.J.J. & Luptacik, M., 1990. "Optimal dynamic environmental policies of a profit maximizing firm," Other publications TiSEM eba94e47-f9c5-4b1d-aa9d-0, Tilburg University, School of Economics and Management.
- Kort, Peter & van Loon, P.J.J.M. & Luptacik, M., 1991. "Optimal dynamic environmental policies of a profit maximizing firm," Other publications TiSEM eeabe3a7-e592-47bc-bac0-e, Tilburg University, School of Economics and Management.
- Kort, P.M. & van Loon, P.M.J.J. & Luptacik, M., 1990. "Optimal dynamic environmental policies of a profit maximizing firm," Research Memorandum FEW 433, Tilburg University, School of Economics and Management.
- Pezzey, John C.V., 2006. "Neither the rock nor the hard place: using payment thresholds to balance the politics and the economics of emissions control," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139892, Australian Agricultural and Resource Economics Society.
- Akira Maeda, 2012. "Setting trigger price in emissions permit markets equipped with a safety valve mechanism," Journal of Regulatory Economics, Springer, vol. 41(3), pages 358-379, June.
- Eskeland, Gunnar S., 2000. "Environmental protection and optimal taxation," Policy Research Working Paper Series 2510, The World Bank.
- Sumru Altug & Fanny S. Demers & Michel Demers, 2004. "Tax Policy and Irreversible Investment," CDMA Working Paper Series 200404, Centre for Dynamic Macroeconomic Analysis.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:85:y:1995:i:1:p:82-96. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.