Firm behaviour under regulatory control of stochastic environmental wastes by probabilistic constraints (Q581196)
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scientific article; zbMATH DE number 4018718
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Firm behaviour under regulatory control of stochastic environmental wastes by probabilistic constraints |
scientific article; zbMATH DE number 4018718 |
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Firm behaviour under regulatory control of stochastic environmental wastes by probabilistic constraints (English)
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1987
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Environmental regulation by deterministic constraints is not really meaningful when as is common in practice, effluent generation is inherently stochastic. In such a case, ``probabilistic constraints'' are more appropriate. This paper examines the regulatory control of firm behaviour under mean and percentile probabilistic constraints.
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environmental economics
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pollution
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probabilistic constraints
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regulatory control of firm behaviour
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