全球智库信息集成服务系统(G2TT): Time Scale Externalities and the Management of Renewable Resources

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Time Scale Externalities and the Management of Renewable Resources
	Giannis Vardas; Anastasios Xepapadeas
发表日期	2015
出处	Climate Change and Sustainable Development
出版年	2015
语种	英语
摘要	The evolution of renewable resources is characterized in many cases by different time scales where some state variables such as biomass, may evolve relatively faster than other state variables such as carrying capacity. Ignoring this time scale separation means that a slowly changing variable is treated as constant over time. Management rules designed without accounting for time scale separation will result in inefficiencies in resource management. We call this inefficiency time scale externality and we analyze renewable resource harvesting when carrying capacity evolves slowly, either in response to exogenous forcing or in response to emissions generated by the industrial sector of the economy. We study cooperative and non-cooperative solutions under time scale separation. Using singular perturbation reduction methods (Fenichel 1979), we examine the role of different time scales in environmental management and the potential errors in optimal regulation when time scale separation is ignored. *** Suggested citation: Vardas, G., A. Xepapadeas, (2015), 'Time Scale Externalities and the Management of Renewable Resources', Nota di Lavoro 27.2015, Milan, Italy: Fondazione Eni Enrico Mattei
特色分类	D81;Q20
关键词	Optimal Resource Harvesting Fast Slow Dynamics Singular Perturbation Regulation Open Loop Closed Loop
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/time-scale-externalities-and-the-management-of-renewable-resources/
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/118393
推荐引用方式 GB/T 7714	Giannis Vardas,Anastasios Xepapadeas. Time Scale Externalities and the Management of Renewable Resources. 2015.

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
201543941251Nota_di_（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
201543947194NDL2015-（956KB）	智库出版物		限制开放	CC BY-NC-SA	浏览