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In this paper, we investigate pollutant reduction policies under uncertainty. We consider two kinds of policies as distinguished by their associated costs. The first policy incurs a proportional reduction cost, while the second policy incurs fixed and proportional reduction costs. We formulate the policymaker's decision as a singular stochastic control problem in the first case and as a stochastic impulse control problem in the second case. Using this analysis, we provide the optimal pollutant reduction policies in both cases and their characteristics using numerical analysis.
内容記述
特集 経済制度と社会秩序の形成に関する理論実証分析
Special issue: theoretical and empirical studies on the evolution of economic institutions and social order
論説(Article)
雑誌名
社会科学
雑誌名(英)
The Social Science(The Social Sciences)
巻
50
号
2
ページ
83 - 104
発行年
2020-08-31
出版者
同志社大学人文科学研究所
出版者（英）
Institute for the Study of Humanities & Social Sciences, Doshisha University
ISSN
04196759
書誌レコードID
AN00108933
権利
同志社大学人文科学研究所
権利（英）
Institute for the Study of Humanities & Social Sciences, Doshisha University
Pollution reduction policies and their associated costs under uncertainty
007001260006.pdf
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