BOUCEKKINE, Raouf; KRAWCZYK, Jacek B.; VALLEE, Thomas - Institut de Recherche Économique et Sociale (IRES), … - 2009
We study a trade-off between economic and environmental indicators using a two-stage optimal control setting where the player can switch to a cleaner technology, that is environmentally “efficient”, but economically less productive. We provide an analytical characterization of the solution...