Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10001841899
Optimal decisions of a firm facing the option of retrofitting its plant to reduce pollution and thereby eliminate the need to purchase emissions allowances are analysed. The decision is treated as a real option with the price of pollution permits following a known stochastic process. The model...
Persistent link: https://www.econbiz.de/10014074909