文章基本信息

标题：The role of real options analysis in the design of a greenhouse gas emissions trading scheme
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作者：Lambie, N. Ross
期刊名称：Australian Journal of Agricultural Economics
印刷版ISSN：0004-9395
电子版ISSN：0817-8763
出版年度：2009
卷号：53
期号：1
出版社：Australian Agricultural Economics Society
摘要：Analysing the effect of a greenhouse gas emissions trading scheme (ETS) on energy-intensive industries using a simple model of the long-run equilibrium fails to fully capture the design implications of a scheme. When we allow for imperfect market structures and uncertainty, it is more useful to focus on how an industry is affected by the scheme’s design in moving to its long-run equilibrium. A real options modelling approach that analyses how firms in these industries are likely to respond to an ETS through their investment behaviour is proposed as a more insightful method for public policy analysis.
关键词：climate change policy
emissions trading
investment
real options