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• W4205124943 startingPage "133" @default.
• W4205124943 abstract "We characterize the shape of spatial externalities in a continuous time and space differential game with transboundary pollution. We posit a realistic spatiotemporal law of motion for pollution (diffusion and advection), and tackle spatiotemporal non-cooperative (and cooperative) differential games. Precisely, we consider a circle partitioned into several states where a local authority decides autonomously about its investment, production and depollution strategies over time knowing that investment/production generates pollution, and pollution is transboundary. The time horizon is infinite. We allow for a rich set of geographic heterogeneities across states. We solve analytically the induced non-cooperative differential game and characterize its long-term spatial distributions. In particular, we prove that there exist a Perfect Markov Equilibrium, unique among the class of the affine feedbacks. We further provide with a full exploration of the free riding problem and the associated border effect." @default.
• W4205124943 created "2022-01-25" @default.
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• W4205124943 date "2022-03-01" @default.
• W4205124943 modified "2023-10-13" @default.
• W4205124943 title "A dynamic theory of spatial externalities" @default.
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• W4205124943 doi "https://doi.org/10.1016/j.geb.2021.12.002" @default.
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