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Investment uncertainty, and production games
Flåm, Sjur D.; Ermolʹev, Jurij M. - 2004
This paper explores some cooperative aspects of investments in uncertain, real options. Key production factors are assumed transferable. They may reflect property or user rights. Emission of pollutants and harvest of renewable resources are cases in point. Of particular interest are alternative...
Persistent link: https://www.econbiz.de/10011401340
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A market mechanism for sustainable and efficient resource use under uncertainty
Quaas, Martin F.; Winkler, Ralph - 2017 - This version: June 2017
Sustainability and efficiency are potentially conflicting social objectives in natural resource management. We propose a market mechanism to allocate use rights over a stochastic resource to private managers. The mechanism endogenously determines the maximal tenure length guaranteeing that the...
Persistent link: https://www.econbiz.de/10011663635
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The environmental and macroeconomic effects of socially responsible investment
Dam, Lammertjan (contributor); Heijdra, Ben J. (contributor) - 2008
for environmental pollution when holding firm equity, they require a premium on the return to equity. We show that …
Persistent link: https://www.econbiz.de/10003730310
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Pricing the ecosystem and taxing ecosystem services : a general equilibrium approach
Eichner, Thomas (contributor); Pethig, Ruediger (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497662
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A spatial approach to energy economics
Moreno Cruz, Juan; Taylor, Michael Scott - 2013
We develop a spatial model of energy exploitation where energy sources are differentiated by their geographic location and energy density. The spatial setting creates a scaling law that magnifies the importance of differences across energy sources. As a result, renewable sources twice as dense,...
Persistent link: https://www.econbiz.de/10009724034
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Optimal harvesting under resource stock and price uncertainty
Alvarez, Luis H. R. (contributor);  … - 2005
We analyze optimal harvesting policy under stochastic price and stock dynamics. We state a set of weak conditions under which the optimal policy can be characterized by a single exercise threshold and show that the value of optimal harvesting and depletion policies can be expressed as the...
Persistent link: https://www.econbiz.de/10002576586
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A micro-level 'consumer approach' to species population dynamics
Christiaans, Thomas (contributor);  … - 2005
In this paper we develop a micro ecosystem model whose basic entities are representative organisms which behave as if maximizing their net offspring under constraints. Net offspring is increasing in prey biomass intake, declining in the loss of own biomass to predators and Allee's Law applies....
Persistent link: https://www.econbiz.de/10003120634
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Should green governments give priority to environmental policies over growth-enhancing policies?
Economides, George (contributor);  … - 2005
economies can afford to care about the environment. This is the case even if pollution occurs as a by-product of output produced …
Persistent link: https://www.econbiz.de/10002756193
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Pollution and city size : can cities be too small?
Borck, Rainald; Tabuchi, Takatoshi - 2016
We study the optimal and equilibrium size of cities in a city system model with environmental pollution. Pollution is …, if pollution is local or per capita pollution increases with population, we find that equilibrium cities are too large …. When pollution is global and per capita pollution declines with city size, however, equilibrium cities may be too small …
Persistent link: https://www.econbiz.de/10011554401
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Corrective taxation for curbing pollution and promoting green product design and recycling
Eichner, Thomas; Pethig, Rüdiger - 2000
which exhibits distortions due to pollution, external landfilling costs and inefficient product design. The allocative …
Persistent link: https://www.econbiz.de/10009781631