, we estimate a multinomial logit model whichconfirms several predictions of both the static trade-off theory and … thepecking-order theory as to the determinants of financing choices. Next, weuse ordered probit models to determine which …

exogenous uncertainty, which can be analyzed with decision theory. It employs traditional economics as a nor! mative benchmark …-making to be a problem of strategic interaction, in which the uncertainty is endogenous. Its main tool is game theory. It …

, formulated in terms of maximization of utility ingeneral, or profits in particular. The standard theory of environmental policy … behavioural assumptions have been most significant for the development ofeconomic valuation theory and environmental policy theory …. The focus here will be onenvironmental policy theory. …

have been, used to find implicit prices, but they also have a much wider use. In theory and in practice, they can be used …