On the optimal taxation of common-pool resources

G. Kossioris, M. Plexousakis, A. Xepapadeas, A.J. de Zeeuw

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Recent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria for non-linear differential games and apply this methodology to a common-pool resource model of a lake where pollution corresponds to benefits and at the same time affects the ecosystem services. This paper studies the structure of optimal state-dependent taxes that steer the combined economic-ecological system towards the trajectory of optimal management, and provides an algorithm for calculating such taxes.
Original languageEnglish
Pages (from-to)1868-1879
JournalJournal of Economic Dynamics and Control
Volume35
Issue number11
Publication statusPublished - 2011

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Taxation
Tax
Lake pollution
Resources
Methodology
Differential Games
Pollution
Ecosystem
Nash Equilibrium
Research and Development
Ecosystems
Trajectories
Economics
Nonlinearity
Trajectory
Feedback
Dependent
Model
Ecological systems
Optimal taxation

Cite this

Kossioris, G., Plexousakis, M., Xepapadeas, A., & de Zeeuw, A. J. (2011). On the optimal taxation of common-pool resources. Journal of Economic Dynamics and Control, 35(11), 1868-1879.
Kossioris, G. ; Plexousakis, M. ; Xepapadeas, A. ; de Zeeuw, A.J. / On the optimal taxation of common-pool resources. In: Journal of Economic Dynamics and Control. 2011 ; Vol. 35, No. 11. pp. 1868-1879.
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Kossioris, G, Plexousakis, M, Xepapadeas, A & de Zeeuw, AJ 2011, 'On the optimal taxation of common-pool resources', Journal of Economic Dynamics and Control, vol. 35, no. 11, pp. 1868-1879.

On the optimal taxation of common-pool resources. / Kossioris, G.; Plexousakis, M.; Xepapadeas, A.; de Zeeuw, A.J.

In: Journal of Economic Dynamics and Control, Vol. 35, No. 11, 2011, p. 1868-1879.

Research output: Contribution to journalArticleScientificpeer-review

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AU - Plexousakis, M.

AU - Xepapadeas, A.

AU - de Zeeuw, A.J.

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AB - Recent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria for non-linear differential games and apply this methodology to a common-pool resource model of a lake where pollution corresponds to benefits and at the same time affects the ecosystem services. This paper studies the structure of optimal state-dependent taxes that steer the combined economic-ecological system towards the trajectory of optimal management, and provides an algorithm for calculating such taxes.

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Kossioris G, Plexousakis M, Xepapadeas A, de Zeeuw AJ. On the optimal taxation of common-pool resources. Journal of Economic Dynamics and Control. 2011;35(11):1868-1879.