dynamics and optimal control for a spatially-structured environmental-economic model
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ID: 233658
2015
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Abstract
A deterministic model of economic growth and pollution accumulation,
in the form of a system of partial differential equations,
is designed and analyzed. The model assumes pollution as a by-product of
production. The stock of pollution has a negative impact on production.
The accumulation of pollution is dampened by a share of the investments,
in the form of an environmental tax. We consider a linear region where
both capital and pollution can diffuse. This economic-environmental
model is described by a pair of partial differential equations whose
dynamics and steady state characteristics with respect to time and
space are studied. Then we look at this ambient environment from the
point of view of a social planner who can act on the consumption and
taxation, also functions of time and space, considering the dynamics of
capital and pollution as constraints.
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torre2015electronicdynamics
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| Authors | ;Davide La Torre;Danilo Liuzzi;Tufail Malik;Oluwaseun Sharomi;Rachad Zaki |
| Journal | icsoft 2006 - 1st international conference on software and data technologies, proceedings |
| Year | 2015 |
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