A Pigouvian tax, in the form of an entrance fee or a toll, has been proposed to be an efficient resolution of a congestion externality. This proposition is founded on the theoretical basis of the profit maximization principle. We, however, have not found literature that examines a Pigouvian tax...

We developed a dynamic integrated modeling approach to identify the effect of global warming on the global timber market. The Timber Supply Model 2000, BIOME 3, and Hamburg were used as a suitable economic and ecological model. The TSM 2000 was adopted to model dynamic economic behavior in the...

In this paper, we present a nonrenewable resource model including environmental pollution as a state variable. The model is analyzed to identify some of the characteristics of the optimal paths. In addition, we present a numerical example on the basis of the algebraic solutions of our...

In this paper, we present a nonrenewable resource model including environmental pollution stock as a state variable to analyze the dynamic structure of an optimal tax. Based on the optimality conditions of our model, we showed that the optimal time path of the shadow cost of environmental...

Forest management around the globe has been discussed and emphasized as one of the practical environmental protection policies. The Kyoto protocol proposed that promotion of sustainable forest management through afforestation and reforestation will increase the potential carbon sink of forest...