Prague Economic Papers 2001, 10(4) | DOI: 10.18267/j.pep.184

Environmental policy impact on a dynamic investment schedule

Jan Brůha

The paper presents a tool for the simulation of environmental policy impact. The main concern deals with different market structures and policy results. The subject is analyzed with use of an investment schedule of a representative firm, which faces the choice of two possible production technologies. Both technologies produce the same homogenous product. However, one of the technologies is viewed as a pollutant industrial technology with great negative externalities. Therefore an environmental policy maker may wish to use some indirect tools to influence the investment schedule. The policy maker may tax or subsidize capital used in any technological process. The impact of these indirect tools on the statics and dynamics of the firm's investment schedule is examined under standard neoclassical hypotheses: i.e. rationality and profit maximization.

Klíčová slova: market structure, investment schedule, adjustment costs, environmental policy

Zveřejněno: 1. leden 2001  Zobrazit citaci

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Brůha, J. (2001). Environmental policy impact on a dynamic investment schedule. Prague Economic Papers10(4), . doi: 10.18267/j.pep.184
Stáhnout citaci

Tento článek je publikován v režimu tzv. otevřeného přístupu k vědeckým informacím (Open Access), který je distribuován pod licencí Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), která umožňuje nekomerční distribuci, reprodukci a změny, pokud je původní dílo řádně ocitováno. Není povolena distribuce, reprodukce nebo změna, která není v souladu s podmínkami této licence.