@article{8c78400d3ef447f68cbc3899ef05209d,
title = "A DIFFERENTIAL GAME OF POLLUTION CONTROL WITH OVERLAPPING GENERATIONS",
abstract = "We formulate an overlapping generations model on optimal emissions with continuous age structure.We compare the noncooperative solution to the cooperative one and obtain fundamental differences in the optimal strategies. Also including an altruistic motive does not avoid the problem of the myopic noncooperative solution. Finally we define a time-consistent tax scheme to obtain the cooperative solution in the noncooperative case.",
keywords = "Differential game, Nash equilibrium, overlapping generations, pollution, Pontryagin's Maximum Principle",
author = "Stefan Wrzaczek and Ekaterina Shevkoplyas and Sergey Kostyunin",
note = "Funding Information: The authors are very grateful for comments by two anonymous referees. Further we appreciate comments by the audience of Fifth International Conference on Game Theory and Management (Saint Petersburg 2011, Russia) and Eighth International ISDG Workshop (Padova 2011, Italy). This research was partly financed by the Austrian Science Fund FWF (project number P-25275, Changing market structures in intertemporal optimization).",
year = "2014",
month = mar,
day = "11",
doi = "10.1142/S0219198914500054",
language = "English",
volume = "16",
journal = "International Game Theory Review",
issn = "0219-1989",
number = "3",
}