| 作成者 |
|
| 本文言語 |
|
| 出版者 |
|
|
|
| 発行日 |
|
| 収録物名 |
|
| 巻 |
|
| 号 |
|
| 開始ページ |
|
| 終了ページ |
|
| 出版タイプ |
|
| アクセス権 |
|
| JaLC DOI |
|
| 関連DOI |
|
|
|
|
|
|
|
| 関連URI |
|
|
|
|
|
|
|
| 関連情報 |
|
|
|
|
|
|
|
| 概要 |
We construct a real option model in which government determines the timing of investment in pollution control and examine how irreversibilities affect the optimal investment decisions. Investment is a...ssumed to be completely irreversible and its benefit (a value of damage parameter) is uncertain. Irreversibility of emissions is also considered. By comparing the optimal policies for various cases, we get the following results. Irreversibility of investment delays the optimal timing of policy implementation and this effect gets stronger as the degree of uncertainty increases. Irreversibility of emissions works for the opposite direction, but it does not depend on the degree of uncertainty.続きを見る
|
Mendeley出力
KJ00004492592