Optimal regulation of eutrophying lakes, fjords, and rivers in the presence of threshold effects

Optimal regulation of eutrophying lakes, fjords, and rivers in the presence of threshold effects

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Article ID: iaor20023670
Country: United States
Volume: 83
Issue: 4
Start Page Number: 972
End Page Number: 984
Publication Date: Nov 2001
Journal: American Journal of Agricultural Economics
Authors:
Keywords: forestry, control processes
Abstract:

Eutrophication is a biological process that has an unfavorable economic impact on the economic value of the water basins it affects. Eutrophication depends on thresholds effects, and optimal policies for the regulation of eutrophication must take this into account. Such optimal policies are derived in the present article by utilizing a novel technique in optimal control theory. This technique facilitates a proper analysis of deterministic stock pollutants with thresholds effects, a topic it is argued has been poorly understood in the literature.

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