The effects of environmental policies on the abatement investment decisions of a green firm

被引：60

作者：

Saltari, Enrico ^{[2
]}

Travaglini, Giuseppe ^{[1
]}

机构：

[1] Univ Carlo Bo Urbino, Dipartimento Econ & Metodi Quantitat, Fac Econ, I-61029 Urbino, PU, Italy

[2] Univ Roma La Sapienza, Dipartimento Econ Pubbl, Fac Econ, I-00161 Rome, Italy

来源：

RESOURCE AND ENERGY ECONOMICS | 2011年 / 33卷 / 03期

关键词：

Pollution externality; Ecological uncertainty; Irreversibility; Investment decisions; Environmental policy; ADJUSTMENT COSTS; OPTION VALUE; UNCERTAINTY; IRREVERSIBILITY; POLLUTION; ECONOMICS; DISCOUNT; MODEL;

D O I：

10.1016/j.reseneeco.2011.02.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper focuses on environmental policies aimed at rising investment in pollution abatement capital. We assume that ecological uncertainty, i.e., uncertainty over the dynamics of pollution, affects firm investment decisions. Capital irreversibility is not postulated but endogenized using a quadratic adjustment cost function. Using this framework, we study the effects of environmental policies considering taxes on polluting inputs and subsidies to reduce the cost of abatement capital. Environmental policies promoted to enforce abatement capital may generate the unexpected result of reducing the abatement investment rate. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：666 / 685

页数：20

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