IDEAS home Printed from https://ideas.repec.org/a/spr/metrik/v18y2008i3p233-254.html

Investitionen in nachgeschaltete Umweltschutzmaßnahmen und das Paradox der Umweltabgaben- und -subventionspolitik

Author

Listed:
  • Heinz Klingelhöfer

Abstract

The paper investigates the incentives of environmental policy using taxes and subsidies for investing in end-of-pipe-technologies, especially in filters. Considering the effects on production, it identifies the price ceiling and examines its determinants. Sensitivity analyses show that policy changes do not always encourage environmentally beneficial investments – in particular cases they even may be counterproductive. Copyright Springer-Verlag 2008

Suggested Citation

  • Heinz Klingelhöfer, 2008. "Investitionen in nachgeschaltete Umweltschutzmaßnahmen und das Paradox der Umweltabgaben- und -subventionspolitik," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 18(3), pages 233-254, February.
  • Handle: RePEc:spr:metrik:v:18:y:2008:i:3:p:233-254
    DOI: 10.1007/s00187-007-0028-x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00187-007-0028-x
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s00187-007-0028-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Rendleman, Richard J, Jr & Bartter, Brit J, 1979. "Two-State Option Pricing," Journal of Finance, American Finance Association, vol. 34(5), pages 1093-1110, December.
    2. Cox, John C. & Ross, Stephen A. & Rubinstein, Mark, 1979. "Option pricing: A simplified approach," Journal of Financial Economics, Elsevier, vol. 7(3), pages 229-263, September.
    Full references (including those not matched with items on IDEAS)

    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.
    1. Dietmar P.J. Leisen, 1997. "The Random-Time Binomial Model," Finance 9711005, University Library of Munich, Germany, revised 29 Nov 1998.
    2. Klingelhöfer, Heinz Eckart, 2009. "Investments in EOP-technologies and emissions trading - Results from a linear programming approach and sensitivity analysis," European Journal of Operational Research, Elsevier, vol. 196(1), pages 370-383, July.
    3. Bjork, Tomas, 2009. "Arbitrage Theory in Continuous Time," OUP Catalogue, Oxford University Press, edition 3, number 9780199574742.
    4. Tabesh, Hamid, 1987. "Hedging price risk to soybean producers with futures and options: a case study," ISU General Staff Papers 1987010108000010306, Iowa State University, Department of Economics.
    5. Jakusch, Sven Thorsten, 2017. "On the applicability of maximum likelihood methods: From experimental to financial data," SAFE Working Paper Series 148, Leibniz Institute for Financial Research SAFE, revised 2017.
    6. Borges da Silva, Eduardo & Moreno Cordeiro de Sousa, Alexandre, 2022. "Avaliação econômico-financeira de fintechs no mercado brasileiro: o caso INTER [Economic and financial evaluation of fintech in the Brazilian market: the case of INTER]," MPRA Paper 115509, University Library of Munich, Germany.
    7. Marreco, Juliana de Moraes & Carpio, Lucio Guido Tapia, 2006. "Flexibility valuation in the Brazilian power system: A real options approach," Energy Policy, Elsevier, vol. 34(18), pages 3749-3756, December.
    8. Dong An & Noah Linden & Jin-Peng Liu & Ashley Montanaro & Changpeng Shao & Jiasu Wang, 2020. "Quantum-accelerated multilevel Monte Carlo methods for stochastic differential equations in mathematical finance," Papers 2012.06283, arXiv.org, revised Jun 2021.
    9. Wenxuan Zhang & Yixiao Guo & Benzhuo Lu, 2025. "Exact Terminal Condition Neural Network for American Option Pricing Based on the Black-Scholes-Merton Equations," Papers 2510.27132, arXiv.org.
    10. Kim, Young Shin & Stoyanov, Stoyan & Rachev, Svetlozar & Fabozzi, Frank J., 2019. "Enhancing binomial and trinomial equity option pricing models," Finance Research Letters, Elsevier, vol. 28(C), pages 185-190.
    11. Chung-Li Tseng & Daniel Wei-Chung Miao & San-Lin Chung & Pai-Ta Shih, 2021. "How Much Do Negative Probabilities Matter in Option Pricing?: A Case of a Lattice-Based Approach for Stochastic Volatility Models," JRFM, MDPI, vol. 14(6), pages 1-32, May.
    12. Cho, Junhyun & Kim, Yejin & Lee, Sungchul, 2022. "An accurate and stable numerical method for option hedge parameters," Applied Mathematics and Computation, Elsevier, vol. 430(C).
    13. Constantinides, George M. & Jackwerth, Jens Carsten & Perrakis, Stylianos, 2005. "Option pricing: Real and risk-neutral distributions," CoFE Discussion Papers 05/06, University of Konstanz, Center of Finance and Econometrics (CoFE).
    14. Ghaffari, Reza & Venkatesh, Bala, 2015. "Network constrained model for options based reserve procurement by wind generators using binomial tree," Renewable Energy, Elsevier, vol. 80(C), pages 348-358.
    15. R. Stafford Johnson & Richard Zuber & John Gandar, 2006. "Binomial pricing of fixed-income securities for increasing and decreasing interest rate cases," Applied Financial Economics, Taylor & Francis Journals, vol. 16(14), pages 1029-1046.
    16. Yuan Hu & Abootaleb Shirvani & W. Brent Lindquist & Frank J. Fabozzi & Svetlozar T. Rachev, 2020. "Option Pricing Incorporating Factor Dynamics in Complete Markets," JRFM, MDPI, vol. 13(12), pages 1-33, December.
    17. Massimo Costabile & Arturo Leccadito & Ivar Massabó, 2009. "Computationally simple lattice methods for option and bond pricing," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 32(2), pages 161-181, November.
    18. Minqiang Li, 2010. "A quasi-analytical interpolation method for pricing American options under general multi-dimensional diffusion processes," Review of Derivatives Research, Springer, vol. 13(2), pages 177-217, July.
    19. Ruas, João Pedro & Dias, José Carlos & Vidal Nunes, João Pedro, 2013. "Pricing and static hedging of American-style options under the jump to default extended CEV model," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4059-4072.
    20. Ivivi J. Mwaniki, 2017. "On skewed, leptokurtic returns and pentanomial lattice option valuation via minimal entropy martingale measure," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1358894-135, January.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:spr:metrik:v:18:y:2008:i:3:p:233-254. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.