Optimal input substitution of a firm facing an environmental constraint
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Underinvestment and optimal capital structure under environmental constraints
2023, Journal of Economic Dynamics and ControlPositive mechanism of foreign direct investment enterprises on China's environment: Analysis of host country regulation and parent company management
2019, Journal of Cleaner ProductionCitation Excerpt :Therefore, combining innovation and firm behavior, we use technological innovation and management innovation to describe the innovative environmental behavior of FDI enterprises. From the extant literature, it can be construed that environmental technology innovation behavior (ETIB) can be observed through three items; namely, active application of environmental equipment, recycling and reuse of energy during production processes, and the active adoption of clean technology to reduce end-pollution (Zhu and Yang, 2013; Hartl and Kort, 1997) (Table 1). Environmental management innovation behavior (EMIB) has three measurable indices: choosing suppliers who have ISO14001 Environmental Management System certification, an environmental audit of suppliers’ internal management, and purchasing clean materials (Zhu and Yang, 2013).
Impacts of carbon tax and tradable permits on wind power investment in China
2019, Renewable EnergyCitation Excerpt :Kagan et al. [24] indicate that environmental regulations will lead to capital investments in very costly pollution-control technologies. The specific technology improvements in controlling pollution under environmental regulations include the use of circulating fluidized bed boiler for power firms (Jorgenson and Wilcoxen, 1989), changing the production process by using a more modern approach [25], installing abatement facilities (Jorgenson and Wilcoxen, 1989; [26], and investing in raw-material recycling [27]. Moreover, the study of the impact of various environmental regulations on firm actions toward green development has also attracted scholars' attention.
“Messy” marginal costs: Internal pricing of environmental aspects on the firm level
2018, International Journal of Production EconomicsCitation Excerpt :Each product can be produced with three different production processes. In practice, process substitution is often given if a product can be manufactured on different machines or if relevant parameters on the same machine can be adjusted so that environmental requirements can be met (Hartl and Kort, 1997). Detailed information on the example is documented in Appendix A.
Corporate behavior and competitiveness: Impact of environmental regulation on Chinese firms
2015, Journal of Cleaner ProductionCitation Excerpt :Production decisions refers to the shift of a series of specific production activities in the context of environmental regulation, such as switching to cleaner inputs (Xepapadeas, 1992; Sharma, 2000), leaving some capacity unused (Hartl and Kort, 1997), and valuing raw material recycling (Altay et al., 2011). Environmental regulation can encourage firms to adjust production decisions toward green development, because such adjustment can help firms improve production efficiency and reduce pollutant emissions (Hartl and Kort, 1997; Altay et al., 2011). However, as in the case of the impact of AEM and MER on firm strategies, the impact of AER and MER on production decisions is different.
Presented at the HCM-workshop “Designing Economic Policy for Management of Natural Resources and the Environment” in Rethymnon, Greece.
The research of the second author has been made possible by the Royal Netherlands Academy of Arts and Sciences.