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Title

Carbon capture and storage and transboundary pollution: A differential game approach

Publication Year

2014

Author(s)
  • Bertinelli, Luisito
  • Camacho, Carmen
  • Zou, Benteng
Source
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH Volume: 237 Issue: 2 Pages: 721-728 Published: 2014
ISSN
0377-2217 eISSN: 1872-6860
Abstract

We study the strategic behavior of two countries facing transboundary CO2 pollution under a differential game setting. In our model, the reduction of CO2 concentration occurs through the carbon capture and storage process, rather than through the adoption of cleaner technologies. Furthermore, we first provide the explicit short-run dynamics for this dynamic game with symmetric open-loop and a special Markovian Nash strategy. Then, we compare these strategies at the games' steady states and along some balanced growth paths. Our results show that if the initial level of CO2 is relatively high, state dependent emissions reductions can lead to higher overall environmental quality, hence, feedback strategy leads to less social waste. (C) 2014 Elsevier B.V. All rights reserved.

Author Keyword(s)
  • Transboundary pollution
  • Carbon capture and storage
  • Differential game
KeyWord(s) Plus
  • CROSS-BORDER POLLUTION
  • NONCOOPERATIVE STRATEGIES
  • ENFORCEMENT
  • GROWTH
  • TRADE
  • STATE
ESI Discipline(s)
  • Economics & Business
  • Engineering
Web of Science Category(ies)
  • Management
  • Operations Research & Management Science
Adress(es)

[Bertinelli, Luisito; Zou, Benteng] Univ Luxembourg, CREA, L-1511 Luxembourg, Luxembourg; [Camacho, Carmen] Univ Paris 01, Ctr Econ Sorbonne, CNRS, F-75647 Paris, France

Reprint Adress

Zou, BT (reprint author), Univ Luxembourg, CREA, 162A Ave Faencerie, L-1511 Luxembourg, Luxembourg.

Country(ies)
  • France
  • Luxembourg
CNRS - Adress(es)
  • Centre d'économie de la Sorbonne, UMR8174
Accession Number
WOS:000336110000031
uid:/BPK414TM
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