On the Optimal Taxation of Common-Pool Resources
AbstractRecent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria for non-linear diÃƒï¿½Ã‚Â¤erential games and apply this methodology to a common-pool resource model of a lake where pollution corresponds to beneÃƒï¿½Ã¯Â¿Â½ts and at the same time aÃƒï¿½Ã‚Â¤ects the ecosystem services. This paper studies the structure of optimal state- dependent taxes that steer the combined economic-ecological system towards the trajectory of optimal management, and provides an algo- rithm for calculating such taxes.
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Bibliographic InfoPaper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 1010.
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- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
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- Kossioris, G. & Plexousakis, M. & Xepapadeas, A. & Zeeuw, A.J. de & Mäler, K-G., 2008.
"Feedback Nash equilibria for non-linear differential games in pollution control,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-378255, Tilburg University.
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- Hein, Lars, 2006. "Cost-efficient eutrophication control in a shallow lake ecosystem subject to two steady states," Ecological Economics, Elsevier, vol. 59(4), pages 429-439, October.
- Anne-Sophie Crépin & Therese Lindahl, 2009. "Grazing Games: Sharing Common Property Resources with Complex Dynamics," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 44(1), pages 29-46, September.
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