Dynamic Optimization in Environmental Economics
The book presents new developments in the dynamic modeling and optimization methods in environmental economics and provides a huge range of applications dealing with the economics of natural resources, the impacts of climate change and of environmental po
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Elke Moser r Willi Semmler r Gernot Tragler Vladimir M. Veliov Editors
Dynamic Optimization in Environmental Economics
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Editors Elke Moser Institute of Mathematical Methods in Economics Vienna University of Technology Vienna, Austria
Gernot Tragler Institute of Mathematical Methods in Economics Vienna University of Technology Vienna, Austria
Willi Semmler Department of Economics The New School for Social Research New York, NY, USA
Vladimir M. Veliov Institute of Mathematical Methods in Economics Vienna University of Technology Vienna, Austria
ISSN 1566-0419 Dynamic Modeling and Econometrics in Economics and Finance ISBN 978-3-642-54085-1 ISBN 978-3-642-54086-8 (eBook) DOI 10.1007/978-3-642-54086-8 Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2014933967 © Springer-Verlag Berlin Heidelberg 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Preface
This book presents applications of optimal control theory and dynamic game theory in a broad range of problems associated with environmental economics. The book consists of 15 chapters, roughly half of which are based on research presented at the “12th Viennese Workshop on Optimal Control, Dynamic Games and Nonlinear Dynami
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