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Title Singular optimal control model of stock dependent environmental policies
Full text http://hal.archives-ouvertes.fr/docs/00/45/16/85/PDF/MO2006-PUB00018471.pdf
Date 2006
Author(s) Erdlenbruch, K.; Tidball, M.
Abstract In many countries, forest policies consist of a system of various regulations, taxes and subsidies. In this article, we focus on those policies that regulate selective harvesting and study the example of Central Africa. We use a deterministic singular optimal control model of renewable resources to assess these policies with respect to a first best situation which integrates a social surplus or externality function. In particular, in contrast to earlier articles, we analyze a stock dependent tax, for which the objective function is piecewise differentiable. We use a theorem proposed by Hartl and Feichtinger to solve the mathematical problem. We show that this tax is the most flexible instrument with respect to fund collection.
Subject(s) [SHS:ECO] Humanities and Social Sciences/Economies and finances; [MATH:MATH_OC] Mathematics/Optimization and Control; [SDE:ES] Environmental Sciences/Environmental and Sociaty; [SHS:GESTION] Humanities and Social Sciences/Business administration; [SHS:ENVIR] Humanities and Social Sciences/Environmental studies; [SHS:SCIPO] Humanities and Social Sciences/Political science; Singular optimal control; environmental taxation; renewable resource economics; stock dependency
Language EN
Publisher HAL - CCSD
Type of publication text
Identifier HAL:hal-00451685, version 1; HAL:http://hal.archives-ouvertes.fr/hal-00451685/en/; DOI:10.1007/s10957-006-9130-8; CADIC_CEMAGREF:PUB00018471
Repository France - Hyper Article en Ligne (HAL)
Added to C-A: 2010-04-22;10:41:18