TY - JOUR

T1 - A review of mathematical models in economic environmental problems

AU - Nahorski, Z.

AU - Ravn, H.F.

PY - 2000

Y1 - 2000

N2 - 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.

AB - 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.

KW - Systemanalyse

U2 - 10.1023/A:1018913316076

DO - 10.1023/A:1018913316076

M3 - Journal article

SN - 0254-5330

VL - 97

SP - 165

EP - 201

JO - Annals of Operations Research

JF - Annals of Operations Research

ER -