Information about publication
On the optimal taxation of common-pool resources
Kossioris, G., Plexousakis, M., Xepapadeas, A., de Zeeuw, A. Journal of Economic Dynamics and Control (2011), Volume 35, Issue 11, Pages 1868-1879
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 recentpaper Kossiorisetal.(2008) develop a methodology for deriving feedback Nash equilibria for non-linear differential games and apply this methodology to a common-pool resource model of a lake where pollution corresponds to benefits and at the same time affects 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 algorithm for calculating such taxes.
Keywords: Differential games, Non-linear feedback, Nash equilibria, Ecosystems, Optimal state-dependent taxBack to publications