Journal
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS
Volume 83, Issue 4, Pages 972-984Publisher
BLACKWELL PUBLISHERS
DOI: 10.1111/0002-9092.00223
Keywords
eutrophication; natural resources; thresholds
Categories
Ask authors/readers for more resources
Eutrophication is a biological process that has an unfavorable economic impact on the economic value of the water basins it affects. Eutrophication depends on thresholds effects, and optimal policies for the regulation of eutrophication must take this into account. Such optimal policies are derived in the present article by utilizing a novel technique in optimal control theory. This technique facilitates a proper analysis of deterministic stock pollutants with thresholds effects, a topic it is argued has been poorly understood in the literature.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available