Pollution accumulation and firm incentives to accelerate technological change under uncertain private benefits

Environmental and Resource Economics

Volumn 10, Issue 3, 1997, Pages 285-300

  Dosi, Cesare ^a   Moretto, Michele ^a  

^a UNIVERSITY OF PADOVA   (Italy)

Author keywords

Environmental policy; Irreversibility; Technological change

Indexed keywords

COSTS; ENVIRONMENTAL PROTECTION; LAWS AND LEGISLATION; PUBLIC POLICY; TECHNOLOGY TRANSFER;

ENVIRONMENTAL POLICY;

POLLUTION CONTROL;

CLEANER PRODUCTION; ENVIRONMENTAL REGULATION; INDUSTRIAL INCENTIVE; REGULATORY FRAMEWORK; TECHNOLOGICAL CHANGE;

EID: 0031260185     PISSN: 09246460     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1026426932710     Document Type: Article

References (22)

1. Arora, S. and T. N. Cason (1995), 'An Experiment in Voluntary Environmental Regulation: Participation in EPA's 33/50 Program', Journal of Environmental Economics and Management 28, 271-286.
2. Arora, S. and S. Gangopadhyay (1995), 'Toward a Theoretical Model of Voluntary Ovecompliance', Journal of Economic Behaviour and Organization 28, 289-309.
3. Arrow, K. J. and A. C. Fisher (1974), 'Environmental Preservation, Uncertainty, and Irreversibility', Quarterly Journal of Economics 88, 312-319.
4. Azzone, G. and M. Bettelè (1992), 'L'ambiente sta diventando una priorità strategica', L'Impresa 6 11-17.
5. Cadot, O. and B. Sinclair-Desgagné (1994), 'Environmental Regulation, Industrial Policy and Technical Change', Note di Lavoro n. 20, Fondazione ENI-Enrico Mattei, Milan.
6. Carraro, C. and D. Siniscalco (1992), 'Environmental Innovation Policy and International Competition', Environmental and Resource Economics 2, 183-200.
7. Carraro, C. and A. Soubeyran (1992) 'Environmental Policy and the Choice of Production Technology', Note di Lavoro n. 7, Fondazione ENI-Enrico Mattei, Milan.
8. Cox, D. R. and H. D. Miller (1965), The Theory of Stochastic Process. London: Chapman and Hall.
9. Dixit, A. (1993), The Art of Smooth Pasting. Chur, CH: Harwood Academic Publishers.
10. Dixit, A. and R.S. Pindyck (1994), Investment under Uncertainty, Princeton: Princeton University Press.
11. Dosi, C. and M. Moretto (1996), 'Toward Green Technologies: Switching Rules and Environmental Policies', Rivista Internationale di Science Economiche e Commerciali 43, 13-30.
12. Downing, P. B. and L. J. White (1986), 'Innovation in Pollution Control', Journal of Environmental Economics and Management 13, 18-29.
13. Fischer, A. C. and W. M. Hanemann (1990), 'Information and the Dynamics of Environmental Protection: The Concept of the Critical Period', Scandinavian Journal of Economics 92, 399-414.
14. Harrison, J. M. (1985), Brownian Motion and Stochastic Flow Systems. New York: John Wiley & Sons.
15. Henry, C. (1974), 'Investment Decisions under Uncertainty: The Irreversibility Effect', American Economic Review 64, 1006-1012.
16. 2 Accumulation and Emission Control Investment'. Paper presented to the International Workshop on the Integrative Assessment of Mitigation, Impacts and Adaptation to Climate Change, IIASA, Luxemburg, October, 1993.
17. Leahy, J. V. (1994), 'Investment in Competitive Equilibrium: The Optimality of Myopic Behavior', Quarterly Journal of Economics 58, 1105-1133.
18. Manne, A. S. and R. G. Richels (1992), Buying Greenhouse Insurance. Cambridge: MIT Press.
19. Milliman, S. R. and R. Prince (1989), 'Firm Incentives to Promote Technological Change in Pollution Control', Journal of Environmental Economics and Management 17, 247-265.
20. Moretto, M. (1995), 'Controllo ottimo stocastico, processi browniani regolati e optimal stopping', Rivista Internationale di Scienze Economiche e Commerciali 42, 93-124.
21. Olsen, T. E. and G. Stensland (1992), 'On Optimal Timing of Investment when Cost Components are Additive and Follow Geometric Diffusions', Journal of Dynamics Economics and Control 16, 39-51.
22. Sassone, E. (1992), 'La gestione dell'ambiente nelle politiche d'impresa', L'Impresa 6, 6-10.