On the optimal management of environmental stock externalities.
Ontology highlight
ABSTRACT:
SUBMITTER: Xepapadeas A
PROVIDER: S-EPMC9214520 | biostudies-literature | 2022 Jun
REPOSITORIES: biostudies-literature
Publications
On the optimal management of environmental stock externalities.
Proceedings of the National Academy of Sciences of the United States of America 20220610 24
Following a brief review of the management of environmental externalities under strategic interactions in the traditional temporal domain, results are extended to the spatiotemporal domain. Conditions for spatial open-loop and feedback Nash equilibria, along with conditions for the benchmark cooperative solution, are presented and compared. A simplified numerical example illustrates the spatial patterns emerging at a steady state under Fickian diffusion and dispersal kernels, and the inefficienc ...[more]
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