ENVIRONMENTAL UNCERTAINTY ANDIRREVERSIBLE INVESTMENTS IN ABATEMENTTECHNOLOGY

We analyze the design of optimal environmental policy when environmentaldamage is uncertain and investments in abatement technologies are irreversible. Weassume that the investment in the new abatement technology can be used for twoperiods and that the true extent of environmental damage will become known in thesecond period. The optimum can be implemented with taxation for heterogeneous firmsand with tradeable permits combined with banking...

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Year of publication:	2003-10-01
Authors:	Dijkstra, Bouwe R. ; Soest, Daan P. van
Institutions:	University <Nottingham> / Department of Economics ; Universiteit <Tilburg>
Published in:	The University of Nottingham / School of Economics - discussion papers Discussion PaperNo. 03/20
Subject:	Investition \| investition \| Umweltpolitik \| Unsicherheit \| Luftreinhaltung \| Irreversibilität \| irreversibility

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Extent:	351232 bytes 30 p. application/pdf
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	D80 - Information and Uncertainty. General ; D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; Q20 - Renewable Resources and Conservation; Environmental Management. General ; Specific management methods ; Management of environmental resources ; Individual Reports, Studies ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868811