under uncertainty. A tax encourages the most flexible technology if and only if stochastic costs and the equilibrium permit …

under uncertainty. The paper focuses on the heterogeneity of firm level investment responses to both demand and supply side … sources of uncertainty. Accordingly, the investment-uncertainty relationship is examined across groups of firms with varying … goods. Consistent with theories of irreversible investment, we find evidence that uncertainty undermines the investment …

prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost …

sharing, uncertainty is created which decreases cooperation by mothers by reducing their willingness to invest in children …

Investment in pollution prevention technologies are often made under significant uncertainty about the future pay … the timing of investments becomes an important issue for the company. This paper focuses on uncertainty about a future … environmental tax, and shows, within a two period model, that a specific tax uncertainty, standing alone, does not create any …

aggregate emission allowance supply is completely inelastic. Further, in the presence of uncertainty, elastic emission allowance …, depending on the risk environment the firms face. The results indicate that introduction of permit price stabilizing measures in …