A remark on R.S. Pindyck: "Irreversibilities and the timing of environmental policy"
AbstractThis note adresses R.S. Pindyck: "Irreversibilities and the timing of environmental policy", Resource and Energy Economics, 22 (2000) 233-259: For the case of quadratic environmental cost, it is shown that the value function is not as claimed, nor of the suggested form. The solution in the case of linear environmental cost is affirmed with a complete proof. An additional expression is corrected.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Resource and Energy Economics.
Volume (Year): 33 (2011)
Issue (Month): 3 (September)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/505569
Environmental policy Uncertainty Irreversibilities Optimization;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Strand, Jon, 2014. "Implications of a lowered damage trajectory for mitigation in a continuous-time stochastic model," Energy Economics, Elsevier, vol. 42(C), pages 43-49.
- Framstad, Nils Chr. & Strand, Jon, 2013.
"Energy Intensive Infrastructure Investments with Retrofits in Continuous Time: Effects of Uncertainty on Energy Use and Carbon Emissions,"
11/2013, Oslo University, Department of Economics.
- Framstad, Nils Christian & Strand, Jon, 2013. "Energy intensive infrastructure investments with retrofits in continuous time : effects of uncertainty on energy use and carbon emissions," Policy Research Working Paper Series 6430, The World Bank.
- Framstad, Nils Chr., 2013. "When can environmental profile and emissions reductions be optimized independently of the pollutant level?," Memorandum 12/2013, Oslo University, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.