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.

MoreLess

Year of publication:	2010-04-29
Authors:	Bazhanov, Andrei
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	essential nonrenewable resource \| polluting economy \| sustainable development \| special function representation

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	Q32 - Exhaustible Resources and Economic Development ; Q38 - Government Policy ; O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008560981