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- Adilov, Nodir; Alexander, Peter J.; Cunningham, Brendan M.
- Environmental and resource economics 2015 v.60 no.1 pp. 81-98
- economic analysis; issues and policy; models; pollution; probability; remediation; satellites; taxes
- ... Space debris, an externality generated by expended launch vehicles and damaged satellites, reduces the expected value of space activities by increasing the probability of damaging existing satellites or other space vehicles. Unlike terrestrial pollution, debris created in the production process interacts with firms’ final products, and is, moreover, self-propagating: collisions between debris or e ...
- Christiansen, Vidar; Smith, Stephen
- Environmental and resource economics 2015 v.60 no.1 pp. 17-35
- emissions; issues and policy; taxes; uncertainty
- ... We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emissions tax is the only available instrument, policy faces a trade-off between the incentive to invest in abatement technology and efficiency in subse ...