Show simple item record

dc.contributor.advisorGilchrist, Donalden_US
dc.creatorMa, Lingjuanen_US
dc.date.accessioned2003-09-11T13:31:04Zen_US
dc.date.accessioned2013-01-04T04:57:18Z
dc.date.available2004-09-15T08:00:00Zen_US
dc.date.available2013-01-04T04:57:18Z
dc.date.created2003-07en_US
dc.date.issued2003-07-17en_US
dc.date.submittedJuly 2003en_US
dc.identifier.urihttp://hdl.handle.net/10388/etd-09112003-133104en_US
dc.description.abstractSince uncertainty and irreversibility are inherent, environmental policy involves the problems of timing of implementation. Environmental policy based on cost-benefit analysis using certainty equivalent presents values can be misleading under the combined effect of irreversibility and uncertainty. Using real options method, the thesis analyzes the timing of early action investment in Canada's Kyoto commitment. Early action investment in emission reductions is irreversible. The thesis uses a simple two-period model, and then lays out a corresponding continuous-time model to show that under technological uncertainty, early action investment should be delayed until more information - the results of R&D - is revealed. In particular, the more uncertain the outcome of research, the more the firm should delay early action investment. The thesis argues that Canada's Kyoto commitment is well intentioned but not wisely implemented: early action investment on emission reductions may not be efficient. The results suggest that a more gradual Kyoto program would be favourable.en_US
dc.language.isoen_USen_US
dc.subjectKyoto protocolen_US
dc.subjectearly action investmenten_US
dc.subjectuncertaintyen_US
dc.titleEarly action investment in the Kyoto Protocolen_US
thesis.degree.departmentEconomicsen_US
thesis.degree.disciplineEconomicsen_US
thesis.degree.grantorUniversity of Saskatchewanen_US
thesis.degree.levelMastersen_US
thesis.degree.nameMaster of Arts (M.A.)en_US
dc.type.materialtexten_US
dc.type.genreThesisen_US
dc.contributor.committeeMemberSt. Louis, Larryen_US
dc.contributor.committeeMemberNolan, James F.en_US
dc.contributor.committeeMemberHuq, M. Mobinulen_US
dc.contributor.committeeMemberZhao, Jingangen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record