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Capital accumulation of a firm facing an emissions tax

โœ Scribed by Richard F. Hartl; Peter M. Kort


Book ID
112501897
Publisher
Springer Vienna
Year
1996
Tongue
English
Weight
966 KB
Volume
63
Category
Article
ISSN
1617-7134

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โœ Richard F. Hartl; Peter M. Kort ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 686 KB

In this paper we consider the dynamic behaviour of a firm subject to environmental regulation. As a social planner the government wants to reduce the level of pollution. To reach that aim, it can, among other actions, set an upper limit on polluting emissions of the firm. The paper determines how th