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A review of mathematical models in economic environmental problems

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Abstract

The paper presents a review of mathematical models used in economic analysis of environmental problems. This area of research combines macroeconomic models of growth, as dependent on capital, labour, resources, etc., with environmental models describing such phenomena like natural resources exhaustion or pollution accumulation and degradation. In simpler cases the models can be treated analytically and the utility function can be optimized using, e.g., such tools as the maximum principle. In more complicated cases calculation of the optimal environmental policies requires a computer solution.

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Authors and Affiliations

  1. Systems Research Institute, Polish Academy of Sciences, Newelska 6, 01-447, Warsaw, Poland E-mail

    Zbigniew Nahorski

  2. Risø National Laboratory, Roskilde, Denmark

    Hans F. Ravn

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  1. Zbigniew Nahorski
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Nahorski, Z., Ravn, H.F. A review of mathematical models in economic environmental problems. Annals of Operations Research 97, 165–201 (2000). https://doi.org/10.1023/A:1018913316076

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