Transboundary pollution externalities: think globally, act locally?

DOI10.1016/J.JMATECO.2021.102511MaRDI QIDQ2237871zbMATH OpenOpenAlexFDO

Authors Danilo Liuzzi, Simone Marsiglio, Davide La Torre

Publication date 28 October 2021

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1910.04469

zbMATH Keywords

local and global solutionsspatial dynamicsregional optimal controltransboundary pollution externalities

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Existence theories for optimal control problems involving partial differential equations (49J20) Spatial models in economics (91B72)

Abstract: We analyze the implications of transboundary pollution externalities on environmental policymaking in a spatial and finite time horizon setting. We focus on a simple regional optimal pollution control problem in order to compare the global and local solutions in which, respectively, the transboundary externality is and is not taken into account in the determination of the optimal policy by individual local policymakers. We show that the local solution is suboptimal and as such a global approach to environmental problems is effectively needed. Our conclusions hold true in different frameworks, including situations in which the spatial domain is either bounded or unbounded, and situations in which macroeconomic-environmental feedback effects are taken into account. We also show that if every local economy implements an environmental policy stringent enough, then the global average level of pollution will fall. If this is the case, over the long run the entire global economy will be able to achieve a completely pollution-free status.

Recommendations

• From firm to global-level pollution control: the case of transboundary pollution
• The externalities problem of transboundary and persistent pollution
• Transboundary pollution control in federal systems
• Optimal abatement and emission permit trading policies in a dynamic transboundary pollution game
• Transboundary pollution and household mobility: are they equivalent?

Cites work

• scientific article; zbMATH DE number 5703572 (Why is no real title available?)
• scientific article; zbMATH DE number 193185 (Why is no real title available?)
• scientific article; zbMATH DE number 6456237 (Why is no real title available?)
• BRIDGING THE GAP BETWEEN GROWTH THEORY AND THE NEW ECONOMIC GEOGRAPHY: THE SPATIAL RAMSEY MODEL
• Diffusion-induced instability and pattern formation in infinite horizon recursive optimal control
• Dynamics and optimal control in a spatially structured economic growth model with pollution diffusion and environmental taxation
• Equilibrium strategies in a multiregional transboundary pollution differential game with spatially distributed controls
• Land use dynamics and the environment
• On Optimal Pollution Control Policies
• On the dynamics of capital accumulation across space
• Optimal control and long-run dynamics for a spatial economic growth model with physical capital accumulation and pollution diffusion
• Optimal pollution control with a nonconstant exponential rate of decay
• Pattern formation, spatial externalities and regulation in coupled economic-ecological systems
• Pollution control: A differential game approach
• Pollution diffusion and abatement activities across space and over time
• Pollution incidence and political jurisdiction: Evidence from the TRI.
• Spatial dynamics and convergence: the spatial AK model
• Spatial vs. non-spatial transboundary pollution control in a class of cooperative and non-cooperative dynamic games
• Sustainability and intertemporal equity: a multicriteria approach
• THE OPTIMAL CONTROL OF DISTRIBUTED SYSTEMS
• The green golden rule
• The interplay between models and public health policies: regional control for a class of spatially structured epidemics \textit{(think globally, act locally)}
• The optimal population size under pollution and migration externalities: a spatial control approach
• Transboundary spillovers and decentralization of environmental policies

Cited in

(10)

• When Does Compromise Prevent More Pollution?
• Trade and transboundary pollution: Spatial separation reconsidered
• From firm to global-level pollution control: the case of transboundary pollution
• Geographic environmental Kuznets curves: the optimal growth linear-quadratic case
• TRANSBOUNDARY WATER MANAGEMENT: CAN ISSUE LINKAGE HELP MITIGATE EXTERNALITIES?
• Managing spatial linkages and geographic heterogeneity in dynamic models with transboundary pollution
• Transboundary pollution and household mobility: are they equivalent?
• An equilibrium model of city with atmospheric pollution dispersion
• Fifty years of mathematical growth theory: classical topics and new trends
• The externalities problem of transboundary and persistent pollution

This page was built for publication: Transboundary pollution externalities: think globally, act locally?

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2237871)