Optimal control for transboundary pollution under ecological compensation: A stochastic differential game approach

• Main Authors: JIANG, Ke, MERRILL, Ryan Knowles, YOU, Daming, PAN, Pan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Transboundary pollution; Stochastic differential game; Ecological compensation; Optimal control strategies; Pollution governance investment; Asian Studies; Environmental Sciences; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6583; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7582/viewcontent/Optimal_control_transboundary_pollution_av.pdf
• Institution: Singapore Management University

To account for previously ignored, yet widely observed uncertainty in nature's capability to replenish the natural environment in ways that should inform ideal design of ecological compensation (EC) regimes, this study constructs a stochastic differential game (SDG) model to analyze transbounda...