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A differential game of industrial pollution management
Author(s)
Date Issued
1992
Journal
ISSN
0254-5330
1572-9338
Citation
Annals of Operations Research, 1992, vol. 37, pp. 297-311.
Type
Peer Reviewed Journal Article
Abstract
This paper explores a differential game between a policy maker and a profit maximizing entrepreneur in which production generates pollution. The government levies a pollution tax on output and uses the tax received for pollution abatement. The entrepreneur determines the level of output. A feedback Nash equilibrium is derived. Using more specific functional forms, the game is extended to cover the multiple firm case.
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