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On the Optimal Taxation of Common-Pool Resources

Author

Listed:
  • George Kossioris
  • Michael Plexousakis
  • Anastasios Xepapadeas
  • Aart de Zeeuw

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 di�¤erential games and apply this methodology to a common-pool resource model of a lake where pollution corresponds to bene��ts and at the same time a�¤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.

Suggested Citation

  • George Kossioris & Michael Plexousakis & Anastasios Xepapadeas & Aart de Zeeuw, 2010. "On the Optimal Taxation of Common-Pool Resources," DEOS Working Papers 1010, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:1010
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    Cited by:

    1. Benchekroun, Hassan & Ray Chaudhuri, Amrita & Tasneem, Dina, 2020. "On the impact of trade in a common property renewable resource oligopoly," Journal of Environmental Economics and Management, Elsevier, vol. 101(C).
    2. Engelbert Dockner & Florian Wagener, 2014. "Markov perfect Nash equilibria in models with a single capital stock," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(3), pages 585-625, August.
    3. Michele Bisceglia, 2020. "Optimal taxation in a common resource oligopoly game," Journal of Economics, Springer, vol. 129(1), pages 1-31, January.
    4. Dmitry Gromov & Thorsten Upmann, 2021. "Dynamics and Economics of Shallow Lakes: A Survey," Sustainability, MDPI, vol. 13(24), pages 1-16, December.
    5. 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.
    6. Tasneem, Dina & Engle-Warnick, Jim & Benchekroun, Hassan, 2017. "An experimental study of a common property renewable resource game in continuous time," Journal of Economic Behavior & Organization, Elsevier, vol. 140(C), pages 91-119.
    7. Brock, W. A. & Xepapadeas, A., "undated". "Modeling Coupled Climate, Ecosystems, and Economic Systems," Climate Change and Sustainable Development 206837, Fondazione Eni Enrico Mattei (FEEM).
    8. Ngo Van Long, 2019. "Managing, Inducing, and Preventing Regime Shifts: A Review of the Literature," CESifo Working Paper Series 7749, CESifo.
    9. Anastasios Xepapadeas, 2022. "On the optimal management of environmental stock externalities," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 119(24), pages 2202679119-, June.
    10. William Brock & Anastasios Xepapadeas, 2020. "Spatial Environmental and Resource Economics," DEOS Working Papers 2002, Athens University of Economics and Business.
    11. Vardas, Giannis & Xepapadeas, Anastasios, "undated". "Time Scale Externalities and the Management of Renewable Resources," Climate Change and Sustainable Development 202115, Fondazione Eni Enrico Mattei (FEEM).
    12. McDermott Shana, 2015. "Optimal Regulation of Invasive Species Long-Range Spread: A General Equilibrium Approach," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 15(4), pages 1731-1752, October.
    13. N. Baris Vardar & Georges Zaccour, 2020. "Exploitation of a Productive Asset in the Presence of Strategic Behavior and Pollution Externalities," Mathematics, MDPI, vol. 8(10), pages 1-28, October.

    More about this item

    JEL classification:

    • 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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