Title :
Option gambling between manufacturers in pollution treatment technology investment decisions under tradable emissions permits and technical uncertainty
Author :
Yongxi, Yi ; Jun, Li
Author_Institution :
Coll. of Econ. & Manage., NanHua Univ., Hengyang, China
Abstract :
Manufacturers pursuing profit maximization must decide whether and when to carry on the anti-pollution technology investment under the condition of tradable emissions permits and technical uncertainty, based on the real options theory we have constructed the pollution government technology investment strategy option gambling model and given the best opportunity of manufacturers to carry on pollution government technology investment.
Keywords :
pollution control; profitability; antipollution technology investment; option gambling; pollution government technology investment strategy; pollution treatment technology investment decisions; profit maximization; real option theory; technical uncertainty; tradable emissions permits; Environmentally friendly manufacturing techniques; Equations; Government; Investments; Mathematical model; Pollution; Uncertainty; Option gambling; Technical uncertainty; Tradable Emissions Permits;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6010194
