排污权交易、技术不确定性条件下厂商治污技术投资期权博弈被引量：1

下载PDF

导出

摘要在排污权交易条件下,追求利润最大化的厂商必须对是否及何时进行治污技术投资进行决策。运用实物期权理论,建立了排污权交易、技术不确定性条件下厂商污染治理技术投资策略模型,并给出了厂商污染治理技术投资的最佳时机及价值函数。

作者易永锡李寿德

机构地区南华大学经济管理学院上海交通大学安泰经济与管理学院

出处《科技进步与对策》 CSSCI 北大核心 2012年第8期66-70,共5页 Science & Technology Progress and Policy

基金国家自然科学基金项目(70873084) 湖南省哲学社会科学基金项目(11YBB324)

关键词排污权交易技术投资期权博弈技术不确定性

分类号 F224.5 [经济管理—国民经济]

引文网络
相关文献

参考文献7

1SMIT H T J,ANKUM L A. A real options and game theoretic approach to corporate investment strategy under competition[J].Financial Management,1993,(03):241-250.doi:10.2307/3665941.
2DIXIT A,PINDYCK R. Investment under uncertainty[M].Princeton,New Jersey:Princeton University Press,1994.
3TRIGEORGIS L. A conceptual options framework for capital budgeting[J].Advances in Futures and Options Research,1988,(03):145-167.
4BREALEY R,MYERS S C. Principles of corporate finance[M].New York:McGraw-Hill,1991.27-32.
5KULATILAK N,MARCUS A. Project valuation under uncertainty:when does DCF fail[J].Journal of Applied Corporate Finance,1992,(01):92-100.
6孙卫,管晓岩.实物期权在厂商污染治理技术投资策略中的应用[J].系统管理学报,2007,16(3):279-281. 被引量：1
7李寿德,顾孟迪,胡巍.基于排污权交易的厂商污染治理技术投资分析模型[J].上海交通大学学报,2007,41(12):2017-2020. 被引量：3

二级参考文献17

1陈黎明,邱菀华.不确定环境下新技术投资策略模型研究[J].管理科学学报,2005,8(4):9-14. 被引量：16
2[1]Milliman,Prince R.Firm incentives to promote technological change in pollution control[J].Journal of Environmental Economics and Management,1989,17:247-265.
3[2]Chulho Jung,Krutilla Kerry,Roy Boyd.Incentives for advanced pollution abatement technology at the industry level:an evaluation of policy alternatives[J].Journal of Environmental Economics and Management,1996,30:95-111.
4[3]Parry.How large are the welfare gains from technological innovation induced by environmental policies[J].Journal of Regulatory Economics,2003,23:237-255.
5[4]Fischer Carolyn.Incentives for innovation under different emissions permit allocation schemes:auctions,grandfathering,and otput-based[J].Discussion Paper.Resources for the Future,2002.
6[5]Montero Juan-Pablo.Permits,standars,and technology innovation[J].Journal of Regulatory Economics,2002,44:23-44.
7[6]Fischer Carolyn,Parry Ian W H,Pizer William A.Instrument choice for environmental protection when technolgical in novation is endogenous[J].Journal of Regulatory Economics,2003,45:523-545.
8[7]Grenaldier S R,Weiss A M.Investment in technological innovations:An option pricing approach[J].Journal of Financial Economics,1997,44(3):397-416.
9[8]Farzin Y H,Huisman K J M,et al.Optimal timing of technology adoption[J].Journal of Economic Dynamics and Control,1998,22(5):779-799.
10[9]Sark S.On the investment uncertainty relationship real options model[J].Journal of Economic Dynamics and Control,2000.