Pollution reduction policies and their associated costs under uncertainty
| Autor: | Motoh, Tsujimura |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | 社会科学 = The Social Science(The Social Sciences). 50(2):83-104 |
| ISSN: | 0419-6759 |
| Popis: | In this paper, we investigate pollutant reduction policies under uncertainty. We consider two kinds of policies as distinguished by their associated costs. The first policy incurs a proportional reduction cost, while the second policy incurs fixed and proportional reduction costs. We formulate the policymaker's decision as a singular stochastic control problem in the first case and as a stochastic impulse control problem in the second case. Using this analysis, we provide the optimal pollutant reduction policies in both cases and their characteristics using numerical analysis. 特集 経済制度と社会秩序の形成に関する理論実証分析 Special issue: theoretical and empirical studies on the evolution of economic institutions and social order 論説(Article) |
| Databáze: | OpenAIRE |
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