Stochastic pollution, costly sanctions, and optimality of emission permit banking.

DOI10.1016/S0095-0696(02)00021-9MaRDI QIDQ1398339zbMATH OpenFDO

Authors Robert D. Innes

Publication date 29 July 2003

Published in Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0095-0696(02)00021-9

zbMATH Keywords

Emission permit bankingEnvironmental regulationStochastic pollution

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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(14)

• A model of intertemporal emission trading, banking, and borrowing
• Stochastic pollution, permits, and merger incentives
• Optimal pollution permit endowments in markets with endogenous emissions.
• Moral hazard and tradeable pollution emission permits
• Further results on permit markets with market power and cheating.
• Nonlinear dynamic pollution under uncertainty and binding targets
• Prices versus quantities: stock pollution control with repeated choice of the instrument
• Monetary emissions trading mechanisms
• Temporal flexibility of permit trading when pollutants are correlated
• Firm behaviour under regulatory control of stochastic environmental wastes by probabilistic constraints
• Pollution permit markets with intertemporal trading and asymmetric information
• Pollution control by options trading
• Environmental safety stock: the impacts of regulatory and voluntary control policies on production planning, inventory control, and environmental performance
• An optional permit system for global pollution control

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