| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 994519 | Energy Policy | 2007 | 7 Pages |
Abstract
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.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Tyrone T. Lin, Chuan-Chuan Ko, Hsin-Ni Yeh,