| Authors |
Kossioris, G., Plexousakis, M., Xepapadeas, A. and de Zeeuw, A. |
| Title |
On the Optimal Taxation of Common-Pool Resources |
| 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. |
| File |
KPXZ_State_Dependent_Tax(24March).pdf (244111 bytes) |
| File-Function |
First version |
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Copyright © 2009 [D.I.E.S.S. A.U.E.B.]. All rights reserved.
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