Firm behaviour under regulatory control of stochastic environmental wastes by probabilistic constraints (Q581196)

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scientific article; zbMATH DE number 4018718
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    Firm behaviour under regulatory control of stochastic environmental wastes by probabilistic constraints
    scientific article; zbMATH DE number 4018718

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      Firm behaviour under regulatory control of stochastic environmental wastes by probabilistic constraints (English)
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      1987
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      Environmental regulation by deterministic constraints is not really meaningful when as is common in practice, effluent generation is inherently stochastic. In such a case, ``probabilistic constraints'' are more appropriate. This paper examines the regulatory control of firm behaviour under mean and percentile probabilistic constraints.
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      environmental economics
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      pollution
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      probabilistic constraints
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      regulatory control of firm behaviour
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