On the optimal taxation of common-pool resources

G. Kossioris, M. Plexousakis, Anastasios Xepapadeas and Aart de Zeeuw

Journal of Economic Dynamics and Control, 2011, vol. 35, issue 11, 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 recent paper Kossioris et al. (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 tax (search for similar items in EconPapers)
JEL-codes: C61 C73 Q25 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (18)

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Related works:
Working Paper: On the Optimal Taxation of Common-Pool Resources (2010)
Working Paper: On the Optimal Taxation of Common-Pool Resources (2010)
Working Paper: On the Optimal Taxation of Common-Pool Resources (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:35:y:2011:i:11:p:1868-1879

DOI: 10.1016/j.jedc.2011.05.007

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