Ohyama, Atsuyuki; Tsujimura, Motoh - In: European Journal of Operational Research 190 (2008) 3, pp. 834-854
This paper investigates an environmental policy designed to reduce the emission of pollutants under uncertainty, where the agents' problem is formulated as an optimal stopping problem. We first analyze the single-agent's case according to Pindyck [Pindyck, R.S., 2002. Optimal timing problems in...