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An optimal control model of global warming is presented and analyzed. The model has two state variables, representing the anthropogenic concentration of greenhouse gases in the atmosphere and the temperature increase due to the greenhouse gas concentration. The state equation for greenhouse gas...
Persistent link: https://www.econbiz.de/10014162344
A differential game of global warming is offered. The game involves individual country social utility functions that balance gains from GHG emissions with damages due to global warming. Two state variables are involved, the concentration of anthropogenic GHG in the atmosphere, and the increase...
Persistent link: https://www.econbiz.de/10013087241
Persistent link: https://www.econbiz.de/10010438450
Advertising is tied to global warming through an endogenous growth model. The model allows for the possibility that the environment can become a source rather than a sink for greenhouse gases. Optimal control analysis of the model shows that a feasible steady state is possible for which the...
Persistent link: https://www.econbiz.de/10013098526