Abstract
This paper presents a cooperative differential game of transboundary industrial pollution. A noted feature of the game model is that the industrial sectors remain competitive among themselves while the governments cooperate in pollution abatement. It is the first time that time consistent solutions are derived in a cooperative differential game on pollution control with industries and governments being separate entities. A stochastic version of the model is presented and a subgame-consistent cooperative solution is provided. This is the first study of pollution management in a stochastic differential game framework.
| Original language | English |
|---|---|
| Pages (from-to) | 143-160 |
| Number of pages | 18 |
| Journal | Journal of Optimization Theory and Applications |
| Volume | 134 |
| Issue number | 1 |
| Early online date | 14 Jun 2007 |
| DOIs | |
| Publication status | Published - Jul 2007 |
| Externally published | Yes |
Scopus Subject Areas
- Management Science and Operations Research
- Control and Optimization
- Applied Mathematics
User-Defined Keywords
- Payoff
- Optim Theory
- Differential Game
- Pollution Abatement
- Optimality Principle