Fishery management under multiple uncertainty [An article from: Journal of Environmental Economics and Management]
Fishery management under multiple uncertainty [An article from: Journal of Environmental Economics and Management]

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This digital document is a journal article from Journal of Environmental Economics and Management, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.Description: In this paper the effect of environmental policy on the composition of capital is investigated. By allowing for nonlinearities it generalizes Xepapadeas and De Zeeuw (J. Environ. Econ. Manage. 37 (1999) 165) and determines scenarios in which their results do not carry over. In particular, we show that the way acquisition cost of investment decreases with the age of the capital stock is of crucial importance. We also focus more explicitly on learning and technological progress. Among others we obtain that in the presence of learning, implementing a stricter environmental policy with the aim to reach a certain target of emissions reduction has a stronger negative effect on industry profits, which implies quite the opposite as to what is described by the Porter hypothesis.

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  • Released: November 16, 2020
  • Author: C. Costello
  • Rating: 4,9
  • Publisher: Ebook DIgital Agency
  • Total Page: 936 pages
  • File Size: 3670 KB
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