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On the Optimal Taxation of Common-Pool Resources

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  • Georgios Kossioris

    (Department of Mathematics, University of Crete)

  • Michael Plexousakis

    (Department of Applied Mathematics, University of Crete)

  • Anastasios Xepapadeas

    (Athens University of Economics and Business and Beijer Fellow)

  • Aart de Zeeuw

    (TSC, Tilburg University and Beijer Fellow)

Abstract

Recent 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 differential games and apply this methodology to a common-pool resource model of a lake where pollution corresponds to benefits and at the same time affects 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 algorithm for calculating such taxes.

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Bibliographic Info

Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2010.101.

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Date of creation: Sep 2010
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Handle: RePEc:fem:femwpa:2010.101

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Keywords: Differential Games; non-linear Feedback Nash Equilibria; Ecosystems; Optimal State-dependent Tax;

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References

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  1. Wagener, F. O. O., 2003. "Skiba points and heteroclinic bifurcations, with applications to the shallow lake system," Journal of Economic Dynamics and Control, Elsevier, vol. 27(9), pages 1533-1561, July.
  2. 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.
  3. 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.
  4. Hassan Benchekroun & Ngo Van Long, 1997. "Efficiency Inducing Taxation for Polluting Oligopolists," CIRANO Working Papers 97s-21, CIRANO.
  5. 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.
  6. Dechert, W.D. & O'Donnell, S.I., 2006. "The stochastic lake game: A numerical solution," Journal of Economic Dynamics and Control, Elsevier, vol. 30(9-10), pages 1569-1587.
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Cited by:
  1. Dina Tasneem & Jim Engle-Warnick & Hassan Benchekroun, 2014. "An Experimental Study of a Common Property Renewable Resource Game in Continuous Time," CIRANO Working Papers 2014s-09, CIRANO.
  2. Wagener, F.O.O., 2013. "Economics of environmental regime shifts," CeNDEF Working Papers 13-08, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.

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