A review of mathematical models in economic environmental problems

Zbigniew Nahorski () and Hans Ravn

Annals of Operations Research, 2000, vol. 97, issue 1, 165-201

Abstract: The paper presents a review of mathematical models used in economic analysis of environmental problems. This area of research combines macroeconomic models of growth, as dependent on capital, labour, resources, etc., with environmental models describing such phenomena like natural resources exhaustion or pollution accumulation and degradation. In simpler cases the models can be treated analytically and the utility function can be optimized using, e.g., such tools as the maximum principle. In more complicated cases calculation of the optimal environmental policies requires a computer solution. Copyright Kluwer Academic Publishers 2000

Keywords: dynamic models; capital; labour; resources; pollution; utility function; optimal solution (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1023/A:1018913316076

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