The Economics of Shallow Lakes Export

@article{citeulike:2008096, abstract = {Abstract\ \ Ecological systems such as shallow lakes areusually non-linear and display discontinuitiesand hysteresis in their behaviour. Thesesystems often also provide conflicting servicesas a resource and a waste sink. This impliesthat the economic analysis of these systemsrequires to solve a non-standard optimalcontrol problem or, in case of a commonproperty resource, a non-standard differentialgame. This paper provides the optimalmanagement solution and the open-loop Nashequilibrium for a dynamic economic analysis ofthe model for a shallow lake. It alsoinvestigates whether it is possible to induceoptimal management in case of common use of thelake, by means of a tax. Finally, some remarksare made on the feedback Nash equilibrium.}, author = {M\"{a}ler, Karl-G\"{o}ran and Xepapadeas, Anastasios and de Zeeuw, Aart}, citeulike-article-id = {2008096}, citeulike-linkout-0 = {http://dx.doi.org/10.1023/B:EARE.0000007351.99227.42}, day = {10}, doi = {10.1023/B:EARE.0000007351.99227.42}, journal = {Environmental and Resource Economics}, keywords = {lakes, thresholds}, month = {December}, number = {4}, pages = {603--624}, posted-at = {2007-11-28 22:50:06}, priority = {5}, title = {The Economics of Shallow Lakes}, url = {http://dx.doi.org/10.1023/B:EARE.0000007351.99227.42}, volume = {26}, year = {2003} }

TY - JOUR ID - citeulike:2008096 L3 - citeulike-article-id:2008096 N2 - Abstract  Ecological systems such as shallow lakes areusually non-linear and display discontinuitiesand hysteresis in their behaviour. Thesesystems often also provide conflicting servicesas a resource and a waste sink. This impliesthat the economic analysis of these systemsrequires to solve a non-standard optimalcontrol problem or, in case of a commonproperty resource, a non-standard differentialgame. This paper provides the optimalmanagement solution and the open-loop Nashequilibrium for a dynamic economic analysis ofthe model for a shallow lake. It alsoinvestigates whether it is possible to induceoptimal management in case of common use of thelake, by means of a tax. Finally, some remarksare made on the feedback Nash equilibrium. IS - 4 JF - Environmental and Resource Economics EP - 624 TI - The Economics of Shallow Lakes VL - 26 SP - 603 KW - lakes KW - thresholds AU - Mäler, Karl-Göran AU - Xepapadeas, Anastasios AU - de Zeeuw, Aart PY - 2003/12/10/ UR - http://dx.doi.org/10.1023/B:EARE.0000007351.99227.42 ER -