Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Optimal Timing to Adopt Environmental Policy in a Strategic Framework |
| Organization Unit | |
| Authors |
|
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
|
| Journal Title | Environmental Modeling & Assessment |
| Publisher | Springer |
| Geographical Reach | international |
| ISSN | 1420-2026 |
| Volume | 8 |
| Number | 3 |
| Page Range | 149 - 163 |
| Date | 2003 |
| Abstract Text | In this paper, the problem of optimal timing, when to adopt an environmental policy in a strategic framework is considered. Using real options theory and some basic tools of game theory, we show that, under certain assumptions, a country behaving strategically should wait longer before adopting such a policy than if it behaves unstrategically or within a larger entity. Such a postponed decision is sub-optimal as regards to the environment protection. |
| Digital Object Identifier | 10.1023/A:1025539106213 |
| Other Identification Number | merlin-id:13225 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|