Network-Based Optimal Control of Pollution Growth
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arXiv
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| Main Authors: | , , |
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| Format: | Preprint |
| Published: |
2024
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| _version_ | 1866908753670963200 |
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| author | Gozzi, Fausto Leocata, Marta Pucci, Giulia |
| author_facet | Gozzi, Fausto Leocata, Marta Pucci, Giulia |
| contents | This paper studies a model for the optimal control (by a centralized economic agent which we call the planner) of pollution diffusion over time and space. The controls are the investments in production and depollution and the goal is to maximize an intertemporal utility function. The main novelty is the fact that the spatial component has a network structure. Moreover, in such a time-space setting we also analyze the trade-off between the use of green or non-green technologies: this also seems to be a novelty in such a setting. Extending methods of previous papers, we can solve explicitly the problem in the case of linear costs of pollution. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2406_15338 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Network-Based Optimal Control of Pollution Growth Gozzi, Fausto Leocata, Marta Pucci, Giulia Theoretical Economics Optimization and Control This paper studies a model for the optimal control (by a centralized economic agent which we call the planner) of pollution diffusion over time and space. The controls are the investments in production and depollution and the goal is to maximize an intertemporal utility function. The main novelty is the fact that the spatial component has a network structure. Moreover, in such a time-space setting we also analyze the trade-off between the use of green or non-green technologies: this also seems to be a novelty in such a setting. Extending methods of previous papers, we can solve explicitly the problem in the case of linear costs of pollution. |
| title | Network-Based Optimal Control of Pollution Growth |
| topic | Theoretical Economics Optimization and Control |
| url | https://arxiv.org/abs/2406.15338 |