A Hotelling model with a ceiling on the stock of pollution

DOI10.1016/j.jedc.2005.09.008zbMath1162.91513OpenAlexW3121748678MaRDI QIDQ959718

Ujjayant Chakravorty, Bertrand Magné, Michel Moreaux

Publication date: 12 December 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://publications.ut-capitole.fr/2727/1/hotelling_model.pdf

zbMATH Keywords

nonrenewable resourcesexternalitiesenvironmental agreementsfossil fuelsnonstationary demand

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (12)

Carbon Tax and OPEC’s Rents Under a Ceiling Constraint* ⋮ The Supply Side of CO2 with Country Heterogeneity* ⋮ Cycles in nonrenewable resource prices with pollution and learning-by-doing ⋮ A dynamic model of food and clean energy ⋮ On the optimal accumulation of renewable energy generation capacity ⋮ Abatement, R\&D and growth with a pollution ceiling ⋮ Sustainable growth and environmental catastrophes ⋮ Polluting resource extraction and climate risk ⋮ Optimal Control Models of Renewable Energy Production Under Fluctuating Supply ⋮ Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition ⋮ A non-autonomous optimal control model of renewable energy production under the aspect of fluctuating supply and learning by doing ⋮ Optimal energy transition with variable and intermittent renewable electricity generation

Cites Work

• On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited

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