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Adaptive regulation with flow and stock externalities
(Discussion paper1998:1, Working paper, 1998-01)
In confronting a consumer good whose production process is associated with both flow and stock externalities, a corrective tax is introduced to restore efficiency. The objective is to maximize social welfare over time when ...
An approach to adaptive carbon taxes in the presence of global warming
(Discussion paper1998:2, Working paper, 1998-01)
The optimal extraction path of fossil fuels and the corresponding corrective tax on extraction are derived when two types of externalities associated with emission of carbondioxide (CO2) are taken into account. The optimal ...
Estimating the parameters of stochastic differential equations using a criterion function based on the Kolmogorov-Smirnov statistic
(Discussion paper1998:10, Working paper, 1998)
Estimation of parameters in the drift and diffusion terms of stochastic differential equations involves simulation and generally requires substantial data sets. We examine a method that can be applied when available time ...
Optimal management of renewable resources : a general feedback approach
(Discussion paper1998:13, Working paper, 1998-09)
Analytical solutions for optimal exploitation of renewable capital stocks are derived as feedback rules for a quite general optimization problem. By feedback rules is meant that optimal exploitation is given as an explicit ...