The Impact of Demand and Regulatory Uncertainties on Shipowner Investment Decision

Leonardo Santiago, Franz Maximilian Buchmann

Publikation: KonferencebidragKonferenceabstrakt til konferenceForskning

Abstract

This paper investigates a design of an emission trading scheme that aims at reaching an industry-wide emission targets on a ship owner’s investment decisions. We show that increased uncertainty in the demand for pollution and regulatory risks has a substantial impact on a ship owner’s costs of regulation and the value of managerial flexibility. We discuss the implications for regulatory authorities aspiring to incentivize the adoption of clean technologies to decarbonize the maritime industry.
OriginalsprogEngelsk
Publikationsdato2023
Antal sider1
StatusUdgivet - 2023
Begivenhed2023 INFORMS Annual Meeting: Harnessing the Data Revolution … All with the Power of OR/MS! - Phoenix Convention Center, Phoenix, USA
Varighed: 15 okt. 202318 okt. 2023
https://meetings.informs.org/wordpress/phoenix2023/

Konference

Konference2023 INFORMS Annual Meeting
LokationPhoenix Convention Center
Land/OmrådeUSA
ByPhoenix
Periode15/10/202318/10/2023
Internetadresse

Citationsformater