Pollution control: A differential game approach |
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| Authors: | N. V. Long |
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| Affiliation: | (1) Department of Economics, McGill University, 855 Sherbrooke Street West, H3A 2T7 Montreal, Quebec, Canada |
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| Abstract: | Transnational pollution is formulated as a differential game between two sovereign governments. The symmetric open loop Nash equilibrium is shown to yield more pollution than in a cooperative solution. A model of Stackelberg leadership in pollution control is also investigated. The possibility of limit cycles is illustrated, using bifurcation theory. |
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| Keywords: | Pollution control differential games bifurcation |
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