A stochastic control model for optimal timing of climate policies

DOI10.1016/j.automatica.2008.03.004zbMath1283.93305OpenAlexW2097017393MaRDI QIDQ2440764

Roland P. Malhamé, Alain B. Haurie, Olivier Bahn

Publication date: 19 March 2014

Published in: Automatica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.automatica.2008.03.004

zbMATH Keywords

stochastic controlpiecewise deterministic Markov processclimate policiesenvironmental hedging strategies

Mathematics Subject Classification ID

Dynamic programming in optimal control and differential games (49L20) Optimal stochastic control (93E20) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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Uses Software

• GAMS

Cites Work

• The climate change learning curve
• Control and game-theoretic models of the environment
• Optimal control of piecewise deterministic markov process
• Dynamic Programming and Minimum Principles for Systems with Jump Markov Disturbances
• Stability of Piecewise-Deterministic Markov Processes
• Viscosity solutions of two classes of coupled Hamilton-Jacobi-Bellman equations
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