A review of mathematical models in economic environmental problems

Z. Nahorski, H.F. Ravn

    Research output: Contribution to journalJournal articleResearchpeer-review


    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.
    Original languageEnglish
    JournalAnnals of Operations Research
    Pages (from-to)165-201
    Publication statusPublished - 2000


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