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The Effects of Marketable Pollution Permits on the Firm's Optimal Investment Policies

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  • Kort, P.M.

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  • Kort, P.M., 1992. "The Effects of Marketable Pollution Permits on the Firm's Optimal Investment Policies," Papers 9242, Tilburg - Center for Economic Research.
    • Handle: RePEc:fth:tilbur:9242
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    1. 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.
    2. Takayama,Akira, 1985. "Mathematical Economics," Cambridge Books, Cambridge University Press, number 9780521314985.
    3. 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.
    4. Richard F. Hartl, 1992. "Optimal Acquisition of Pollution Control Equipment Under Uncertainty," Management Science, INFORMS, vol. 38(5), pages 609-622, May.
    5. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
    6. Kort, P.M., 1992. "Standards versus standards : The effects of different pollution restrictions on the firm's dynamic investment policy," Research Memorandum FEW 550, Tilburg University, School of Economics and Management.
    7. 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.
    8. J. P. Gould, 1968. "Adjustment Costs in the Theory of Investment of the Firm," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(1), pages 47-55.
    9. Hahn, Robert W, 1989. "Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor's Orders," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 95-114, Spring.
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    Cited by:

    1. Kort, Peter M., 1995. "Optimal investment policies for a polluting firm in an uncertain environment," European Journal of Operational Research, Elsevier, vol. 85(1), pages 82-96, August.
    2. Saltari, Enrico & Travaglini, Giuseppe, 2011. "The effects of environmental policies on the abatement investment decisions of a green firm," Resource and Energy Economics, Elsevier, vol. 33(3), pages 666-685, September.
    3. Anastasios Xepapadeas, 2001. "Environmental Policy and Firm Behavior: Abatement Investment and Location Decisions under Uncertainty and Irreversibility," NBER Chapters, in: Behavioral and Distributional Effects of Environmental Policy, pages 281-308, National Bureau of Economic Research, Inc.
    4. Tanaka, Hidemi & Okada, Akira, 2019. "Effects of market-based measures on a shipping company: Using an optimal control approach for long-term modeling," Research in Transportation Economics, Elsevier, vol. 73(C), pages 63-71.

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