Title :
On optimal pollution and consumption control in a macroeconomic system
Author :
Haurie, A. ; Polis, Michael ; Yansouni, P.
Author_Institution :
Universit?? de Montr??al, Montr??al, Qu??bec
Abstract :
A two sector macroeconomic growth model is used to determine optimal policies of consumption and investment in the two sectors of the economy. The first sector produces a general economic good and the second sector produces an activity of depollution. The performance criterion is defined by weighting the consumption and the pollution cost. An optimal control problem with singular extremals must be solved. Emphasis is given to the study of the rest point which may be reached by the economy. Numerical computations give an illustration of the usefullness of this model.
Keywords :
Control systems; Cost function; Investments; Macroeconomics; Optimal control; Pollution control; Production planning;
Conference_Titel :
Decision and Control, 1972 and 11th Symposium on Adaptive Processes. Proceedings of the 1972 IEEE Conference on
Conference_Location :
New Orleans, Louisiana, USA
DOI :
10.1109/CDC.1972.268966
