| dc.contributor.author | Löfgren, Åsa | |
| dc.contributor.author | Millock, Katrin | |
| dc.contributor.author | Nauges, Céline | |
| dc.date.accessioned | 2007-03-21T14:56:51Z | |
| dc.date.available | 2007-03-21T14:56:51Z | |
| dc.date.issued | 2007-03-21T14:56:51Z | |
| dc.identifier.issn | 1403-2465 | |
| dc.identifier.uri | http://hdl.handle.net/2077/3166 | |
| dc.description.abstract | We propose a method for estimating hurdle rates for firms’ investments in pollution
abatement technology, using ex post data. The method is based on a structural option value
model where the future price of polluting fuel is the major source of uncertainty facing the
firm. The econometric procedure is illustrated using a panel of firms from the Swedish pulp
and paper industry, and the energy and heating sector from 2000 to 2003. The results indicate
a hurdle rate of investment of almost 3 in the pulp and paper industry and almost 4 in the
energy and heating sector. | eng |
| dc.language.iso | eng | eng |
| dc.relation.ispartofseries | Working Papers in Economics | eng |
| dc.relation.ispartofseries | 249 | eng |
| dc.subject | option value | eng |
| dc.subject | fuel price uncertainty | eng |
| dc.subject | investment decision | eng |
| dc.subject | pollution abatement | eng |
| dc.subject | panel data | eng |
| dc.subject | pulp and paper industry | eng |
| dc.subject | energy and heating sector | eng |
| dc.subject | JEL codes: C33, D81, O33, Q48, Q53 | eng |
| dc.title | Using Ex Post Data to Estimate the Hurdle Rate of Abatement Investments - An Application to the Swedish Pulp and Paper Industry and Energy Sector | eng |
| dc.type | Text | eng |
| dc.type.svep | report | eng |
| dc.gup.origin | Göteborg University. School of Business, Economics and Law | eng |
| dc.gup.department | Department of Econoimcs | eng |
