Bazhanov, Andrei (2010): A closed form solution to Stollery's global warming problem with temperature in utility.
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Stollery (1998) studied a polluting oil extracting economy governed by the constant utility criterion. The pollution caused the growth of temperature, negatively affecting production and utility. Stollery provided a closed form solution for the case with the Cobb-Douglas production function and temperature affecting only production. This paper offers a closed form solution to a non-trivial example of this economy with utility affected by temperature.
|Item Type:||MPRA Paper|
|Original Title:||A closed form solution to Stollery's global warming problem with temperature in utility|
|Keywords:||essential nonrenewable resource; polluting economy; sustainable development; special function representation|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q32 - Exhaustible Resources and Economic Development
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q38 - Government Policy
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products
|Depositing User:||Andrei Bazhanov|
|Date Deposited:||30. Apr 2010 02:19|
|Last Modified:||23. Feb 2013 05:50|
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