Article
Modeling of environmental adaptation versus pollution mitigation
Mathematics Faculty Publications
Document Type
Article
Publication Date
1-1-2014
Abstract
The paper combines analytic and numeric tools to investigate a nonlinear optimal control problem relevant to the economics of climate change. The problem describes optimal investments into pollution mitigation and environmental adaptation at a macroeconomic level. The steady-state analysis of this problem focuses on the optimal ratio between adaptation and mitigation. In particular, we analytically prove that the long-term investments into adaptation are profitable only for economies above certain efficiency threshold. Numerical simulation is provided to estimate how the economic efficiency and capital deterioration affect the optimal policy. © EDP Sciences, 2014.
Citation Information
S. Anita, G. Marinoschi, A. Swierniak, Y. Yatsenko, et al.. "Modeling of environmental adaptation versus pollution mitigation" (2014) Available at: http://works.bepress.com/natali-hritonenko/79/