A closed form solution to Stollery's global warming problem with temperature in utility

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.

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Year of publication:	2010-04-29
Authors:	Bazhanov, Andrei

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Bazhanov, Andrei (2010): A closed form solution to Stollery's global warming problem with temperature in utility.
Classification:	Q32 - Exhaustible Resources and Economic Development ; Q38 - Government Policy ; O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Source:	BASE

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