Published April 2007 | Version v1
Journal article Metadata-only

Applying real options in investment decisions relating to environmental pollution

Creators

  • 1. Department of International Business, National Dong Hwa University, 1, Sec. 2, Da Hsueh Road, Shou-Feng, Hualien 974, Taiwan (China)
  • 2. Department of International Trade, Jin Wen Institute of Technology, Taiwan (China)
  • 3. Graduate School of Management, Ming Chuan University, Taiwan (China)

Description

This study focuses on how to assess the optimal environmental investment decisions under economic and ecological uncertainty, and establishes the continuous time model using the real option approach to optimize environmental pollution policy. Unlike traditional cost benefit analysis, this work extends the model of [Pindyck, R.S., 2002. Optimal timing problems in environmental economics. Journal of Economic Dynamics and Control 26(9-10), 1677-1697], and attempts to identify the storage threshold of pollution stocks and the optimal timing for implementing environmental pollution decisions

Additional details

Identifiers

DOI
10.1016/j.enpol.2006.09.008;
PII
S0301-4215(06)00358-2;

Publishing Information

Journal Title
Energy Policy
Journal Volume
35
Journal Issue
4
Journal Page Range
p. 2426-2432
ISSN
0301-4215
CODEN
ENPYAC

INIS

Country of Publication
United Kingdom
Country of Input or Organization
International Atomic Energy Agency (IAEA)
INIS RN
38034468
Subject category
S54: ENVIRONMENTAL SCIENCES; S29: ENERGY PLANNING, POLICY AND ECONOMY;
Descriptors DEI
COST BENEFIT ANALYSIS; DECISION MAKING; ENVIRONMENTAL POLICY; ENVIRONMENTAL PROTECTION; INVESTMENT; POLLUTION
Descriptors DEC
ECONOMIC ANALYSIS; ECONOMICS; GOVERNMENT POLICIES

Optional Information

Copyright
Copyright (c) 2006 Elsevier Science B.V., Amsterdam, The Netherlands, All rights reserved.