Stock Externality vs. Symbiosis in a Forest-Air System
AbstractStock externalities and ecological interaction have similar equilibrium effects. The influence on the dynamics of an ecosystem, however, is quite different. The different effects are laid out theoretically in the context of a forest-air model. We compare a centralized, welfare-maximizing policy and decentralized policies. Finally, we numerically simulate the dynamic differences between stock externalities and ecological interaction. Copyright Kluwer Academic Publishers 2001
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 20 (2001)
Issue (Month): 3 (November)
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Web page: http://www.springerlink.com/link.asp?id=100263
air pollution; logging; optimal control; stock externality; symbiosis;
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