Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/192337 
Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
Discussion Papers No. 355
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
Investment in pollution prevention technologies are often made under significant uncertainty about the future pay-off from the investments. However, as time passes some of the uncertainties may be resolved by new information, implying that the timing of investments becomes an important issue for the company. This paper focuses on uncertainty about a future environmental tax, and shows, within a two period model, that a specific tax uncertainty, standing alone, does not create any incentives for early investments. However, introducing a market share increase linked to the investment, the tax uncertainty may strengthen the incentives for early investments.
Schlagwörter: 
Uncertainty
Irreversibility
Environmental management
Tax uncertainty
Option value
JEL: 
D81
H25
Q20
Dokumentart: 
Working Paper

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