全球智库信息集成服务系统(G2TT): Optimal Emission Policy under the Risk of Irreversible Pollution

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Optimal Emission Policy under the Risk of Irreversible Pollution
	Alain Ayong Le Kama; Aude Pommeret; Fabien Prieur
发表日期	2011
出处	Climate Change and Sustainable Development
出版年	2011
语种	英语
摘要	We consider an optimal consumption and pollution problem that has two important features. Environmental damages due to economic activities may be irreversible and the level at which the degradation becomes irreversible is unknown. Particular attention is paid to the situation where agents are relatively impatient and/or do not care a lot about the environment and/or Nature regenerates at low rate. We show that the optimal policy of the uncertain problem drives the economy in the long run toward a steady state while, when ignoring irreversibility, the economy follows a balanced growth path accompanied by a perpetual decrease in environmental quality and consumption, both asymptotically converging toward zero. Therefore, accounting for the risk of irreversibility induces more conservative decisions regarding consumption and polluting emissions. In general, however, we cannot rule out situations where the economy will optimally follow an irreversible path and consequently, will also be left, in the long run, with an irreversibly degraded environment.
特色分类	D81;Q54;Q58
关键词	Optimal Control Irreversibility Threshold Uncertainty Optimal Reversible Irreversible Policy
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/optimal-emission-policy-under-the-risk-of-irreversible-pollution/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/117943
推荐引用方式 GB/T 7714	Alain Ayong Le Kama,Aude Pommeret,Fabien Prieur. Optimal Emission Policy under the Risk of Irreversible Pollution. 2011.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
2011210100221Nota_di（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
201121010214NDL2011-（621KB）	智库出版物		限制开放	CC BY-NC-SA	浏览