Optimal R&D Investment Strategy of Pollution Abatement and Incentive Mechanism Design under Asymmetric Information

The study examines optimal pollution control R&D investment strategy of firms under asymmetric information and further analyzes the impact of government incentive mechanism on it. We use stochastic optimal control theory to get the exact solution of R&D investment strategy and incentive mech...

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Veröffentlicht in:	Discrete dynamics in nature and society 2021-09, Vol.2021, p.1-13
Hauptverfasser:	Li, Chao, Zuo, Na
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetry Carbon Control theory Economic incentives Efficiency Emissions trading Environmental policy Equilibrium Exact solutions Expected utility Game theory Impact analysis Investment policy Investment strategy Optimal control Optimization Pareto efficiency Political aspects Pollution abatement Pollution control R&D Research & development Society Subsidies Supervisors Taxation Utility functions
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