Singular optimal control model of stock-dependent environmental policies

In many countries, forest policies consist of a system of various regulations, taxes, and subsidies. In this article, we focus on those policies that regulate selective harvesting and study the example of Central Africa. We use a deterministic singular optimal control model of renewable resources to...

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Bibliographic Details
Published in:Journal of optimization theory and applications 2006-10, Vol.131 (1), p.69-88
Main Authors: ERDLENBRUCH, K, TIDBALL, M
Format: Article
Language:English
Subjects:
Applied sciences
Business administration
Economics and Finance
Environment and Society
Environmental policy
Environmental Sciences
Environmental studies
Environmental tax
Exact sciences and technology
Externality
Forests
Humanities and Social Sciences
Inventory control, production control. Distribution
Mathematical problems
Mathematical programming
Mathematics
Natural resources
Operational research and scientific management
Operational research. Management science
Optimization
Optimization and Control
Political science
Property rights
Renewable resources
Studies
Subsidies
Tax regulations
Taxation
Taxes
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Summary:In many countries, forest policies consist of a system of various regulations, taxes, and subsidies. In this article, we focus on those policies that regulate selective harvesting and study the example of Central Africa. We use a deterministic singular optimal control model of renewable resources to assess these policies with respect to a first best situation which integrates a social surplus or externality function. In particular, in contrast to earlier articles, we analyze a stock dependent tax, for which the objective function is piecewise differentiable. We use a theorem proposed by Hartl and Feichtinger to solve the mathematical problem. We show that this tax is the most flexible instrument with respect to fund collection.
ISSN:0022-3239
1573-2878
DOI:10.1007/s10957-006-9130-8