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A Variational Inequality Approach For Marketable Pollution Permits, Anna Nagurney, Kathy Dhanda
A Variational Inequality Approach For Marketable Pollution Permits, Anna Nagurney, Kathy Dhanda
Kathy K Dhanda
In this paper, we present a variational inequality framework for the modeling, qualitative analysis, and computation of equilibria in markets in pollution permits. The models developed herein allow for different modes of competitive behavior, including oligopolistic behavior, while taking into account the cost of polluting plus the prices of the licenses to pollute at different receptor points. The models deal explicitly with spatial differentiation and also ensure that the imposed environmental quality standards are met through the initial allocation of licenses. An algorithm is proposed, along with convergence results, to compute the profit-maximized quantities of the firms' products and quantities …
Variational Inequalities For Marketable Pollution Permits With Technological Investment Opportunities: The Case Of Oligopolistic Markets, Anna Nagurney, Kathy Dhanda
Variational Inequalities For Marketable Pollution Permits With Technological Investment Opportunities: The Case Of Oligopolistic Markets, Anna Nagurney, Kathy Dhanda
Kathy K Dhanda
In this paper, we develop a variational inequality framework for the modeling, qualitative analysis, and computation of equilibrium patterns in multiproduct, multipollutant oligopolistic markets with marketable pollution permits along with opportunities for investment in production technology and/or emission-abatement technology. The model deals explicitly with spatial differentiation and also guarantees that the imposed environmental standards are met through the initial allocation of licenses. An algorithm is proposed, with convergence results, to compute the profitmaximized quantities of oligopolistic firms' products and the quantities of emissions, along with the equilibrium allocation of licenses and their prices, as well as the optimal investments in …