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EFFECT OF INVESTMENT IN AIR POLLUTION CONTROLS ON FINANCIAL PERFORMANCE OF TEXAS COTTON GINS: A SIMULATION ANALYSIS AgEcon
Fuller, Stephen W.; Gillis, Melanie; Parnell, Calvin; Ramaiyer, Anantha; Childers, Roy.
The Federal Clean Air Act (FCAA) amendments of 1990 strengthened air pollution regulation as it affects stationary sources such as cotton gins. Because investments in air pollution systems are sometimes substantial, a financial burden may be placed on gin plant firms that results in insolvency or failure. The primary objective of this study is to determine likely success/failure rates for Texas gin plants that would result from introducing various levels of air pollution control. Analysis focuses on five representative gin plant firms and three air pollution control systems that offer differing control technology and particulate emission rates. Simulation analysis is carried out with financial models that represent each of the five gin plant firms. The...
Tipo: Working or Discussion Paper Palavras-chave: Air pollution regulations; Cotton gins; Environmental Economics and Policy.
Ano: 1997 URL: http://purl.umn.edu/23962
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