Title
Modeling of environmental adaptation versus pollution mitigation
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.
Recommended Citation
Anita, S., Marinoschi, G., Swierniak, A., Yatsenko, Y., Hritonenko, N., Hritonenko, N., & Bréchet, T. (2014). Modeling of environmental adaptation versus pollution mitigation. Retrieved from https://digitalcommons.pvamu.edu/mathematics-facpubs/23