Consistency and optimality in a dynamic game of pollution control I: Competition

被引：0
|
作者：
Batabyal, Amitrajeet A. [1 ]
机构：
[1] Utah State Univ, Logan, United States
来源：
Environmental and Resource Economics | 1996年 / 8卷 / 02期
关键词：
Competition - Game theory - Industrial economics - Optimization - Pollution control;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
I model the interaction between a regulator and polluting firms as a Stackelberg differential game in which the regulator leads. The firms create pollution, which results in a stock externality. I analyze the intertemporal effects of alternate pollution control measures in a competitive industry. The principal issue here concerns the dynamic inconsistency of the optimal solution. Inter alia, I compare the steady state levels of pollution under optimal and under time consistent policies.
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页码：205 / 220
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