Optimal Management of Open-access Exhaustible Resources in the International Economy

• Project/Area Number: 19530203
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Applied economics
• Research Institution: Nagoya University
• Principal Investigator: OKUMURA Ryuhei Nagoya University, 大学院・経済学研究科, 教授 (50106837)
• Co-Investigator(Kenkyū-buntansha): CAI Dapeng 名古屋大学, 高等研究院, 准教授 (20402381) ; NITTA Takashi 三重大学, 教育学部, 教授 (20202244)
• Project Period (FY): 2007 – 2009
• Project Status: Completed (Fiscal Year 2009)
• Budget Amount: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000); Fiscal Year 2009: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2008: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2007: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
• Keywords: 国際経済 / 枯渇性資源 / 再生可能な資源 / 開放経済 / 世代間衡平 / 最適制御 / 環境保全 / 資源のアメニティー・バリュー

Research Abstract

This research studies the optimal management of open-access environmental resources with amenity values, such as clean air. We present the optimal conservation policies that result in sustainable economic development and intergenerational equity for this type of resources, which are to be shared by different generations. Moreover, we also study the needed transversality conditions, which are imperative when presenting feasible solutions to global environmental problems.

Research Products

• [Journal Article] Environmental Amenities and the Long-run Effects of Conservation Technologies of Renewable Natural Resources (2010)
  • Author(s): R. Okumura, D. Cai
  • Journal Title: Economic Science, Accepted and Forthoomin 9
  • NAID: 120002239182
• [Journal Article] Limit of the Solutions for the Finite Horizon Problems as the Optimal Solution to the Infinite Horizon Optimization Problems, Journal of Difference Equations and Applications (2010)
  • Author(s): D. Cai, T. Nitta
  • Journal Title: Accepted and Forthcoming
  • Peer Reviewed
• [Journal Article] Environmental Amenities and the Long-run Effects of Conservation Technologies of Renewable Natural Resources (2010)
  • Author(s): OKUMURA R., CAI D.
  • Journal Title: 経済科学 (掲載決定, 未定)
  • NAID: 120002239182
• [Journal Article] Limit of the Solutions for the Finite Horizon Problems as the Optimal Solution to the Infmite Horizon Optimization Problems (2010)
  • Author(s): CAI D., NITTA T.
  • Journal Title: Journal of Difference Equations and Applications (掲載決定, 未定)
  • Peer Reviewed
• [Journal Article] Transversality Conditions for Optimality in Infinite Horizon Problems:Three Additional Assumptions (2009)
  • Author(s): R. Okumura, D. Cai, T. Nitta
  • Journal Title: ROMAI Journal Vol.5 Pages: 105-112
  • Peer Reviewed
• [Journal Article] Heterogeneous Individuals and Optimal Level of Higher Education (2009)
  • Author(s): R. Okumura, D. Cai
  • Journal Title: FinanzArchiv Vol.65 Pages: 37-50
  • Peer Reviewed
• [Journal Article] A Complexified Path Integral for a System of Harmonic Oscillators, Nonlinear Analysis (2009)
  • Author(s): T. Nitta
  • Journal Title: Theory, Methods and Applications
• [Journal Article] Optimal Solutions to the Infinite Horizon Problems:Constructing the Optimum as the Limit of the Solutions for the Finite Horizon Problems (2009)
  • Author(s): D. Cai, T. Nitta
  • Journal Title: Nonlinear Analysis:Theory, Methods and Applications
  • Peer Reviewed
• [Journal Article] Transversality Conditions for Infinite Horizon Optimality:Higher Order Differential Problems (2009)
  • Author(s): R. Okumura, D. Cai, T. Nitta
  • Journal Title: Nonlinear Analysis:Theory, Methods and Applications
  • NAID: 120001151550
  • Peer Reviewed
• [Journal Article] Nonlinear Analysis:Theory, Methods and Applications (2009)
  • Author(s): T. Nitta, Y. Peraire
  • Peer Reviewed
• [Journal Article] Ginzburg-Landau Equations Induced from Multi-dimensional Bichromatic Waves, Nonlinear Analysis:Theory (2009)
  • Author(s): S. Kanagawa, K. Tchizawa, T. Nitta
  • Journal Title: Methods and Applications
  • Peer Reviewed
• [Journal Article] Transversality Conditions for Optimality in Infinite Horizon Problems : Three Additional Assumptions (2009)
  • Author(s): OKUMURA R., CAI D., NITTA T.
  • Journal Title: ROMAI Journal 5 Pages: 105-112
  • Peer Reviewed
• [Journal Article] A Complexified Path Integral for a System of Harmonic Oscillators (2009)
  • Author(s): NITTA T.
  • Journal Title: Nonlinear Analysis : Theory, Methods and Applic ations 71
  • Peer Reviewed
• [Journal Article] Divergent Fourier Analysis Using Degrees of Observability (2009)
  • Author(s): NITTA T., Y.PERAIRE
  • Journal Title: Nonlinear Analysis : Theory, Methods and Applications 71
  • Peer Reviewed
• [Journal Article] Ginzburg-Landau Equations Induced from Multi-dimensional Bichromatic Waves (2009)
  • Author(s): KANAGAWA S., TCHIZAWA K., NITTA T.
  • Journal Title: Nonlinear Analysis : Theory, Methods and Applications 71
  • NAID: 130004604223
  • Peer Reviewed
• [Journal Article] Heterogeneous Individuals and Optimal Level of Higher Education (2009)
  • Author(s): OKUMURA R., CAI D.
  • Journal Title: Finanz Archiv 65-1 Pages: 37-50
  • Peer Reviewed
• [Journal Article] Constructing the Optimal Solutions to the Undiscounted Continuous-Time Infinite Horizon Optimization Problems (2008)
  • Author(s): D. Cai, T. Nitta
  • Journal Title: arXiv 803 Pages: 4046-4046
• [Journal Article] Sustainable Constant Consumption in a Semi-open Economy with Exhaustible Resources (2007)
  • Author(s): OKUMURA Ryuhei, CAI Dapeng
  • Journal Title: The Japanese Economic Review 58 Pages: 226-237
  • NAID: 120001204097
  • Peer Reviewed
• [Journal Article] Transversality Conditions for Infinite Horizon Optimality : Higher Order Differential Problems
  • Author(s): OKUMURA R., CAI D., NITTA T.
  • Journal Title: Nonlinear Analysis : Theory, Methods and Applions (掲載決定済)(未定)
  • Peer Reviewed
• [Journal Article] Optimal Solutions to the Infinite Horizon Problems : Constructing the Optimum as the Limit of the Solutions for the Finite Horizon Problems
  • Author(s): CAI D., NITTA T.
  • Journal Title: Nonlinear Analysis : Theory, Methods and Applications (掲載決定済)(未定)
  • Peer Reviewed
• [Presentation] Divergent Fourier Ana正ysis Using Degrees Of Observality and Solving Undiscounted Infinite Horizon Optimization (2010)
  • Author(s): D. Cai, T. Nitta, Y. Peraire
  • Organizer: 2010 Spring Southeastern Sectional Meeting, AMS
  • Place of Presentation: University of Kentucky, USA
  • Year and Date: 2010-03-27
• [Presentation] Divergent Fourier Analysis Using Degrees Of Observality and Solving Undiscounted Infmite Horizon Optimization (2010)
  • Author(s): CAI D., NITTA T., PERAIRE Y.
  • Organizer: 2010 Spring Southeastern Sectional Meeting, AMS
  • Place of Presentation: University of Kentucky, US
  • Year and Date: 2010-03-27
• [Presentation] Industry-wide Lobbying Increases the Preferential Treatment Enjoyed by Privileged Firms (2009)
  • Author(s): D. Cai
  • Organizer: The 8th International Conference of the Japan Economic Policy Assoeiation
  • Place of Presentation: Center for National University Finanoe and Management, Tokyo, JAPAN
  • Year and Date: 2009-11-28
• [Presentation] Industry-wide Lobbying Increases the Preferential Treatment Enjoyed by Privileged Firms (2009)
  • Author(s): CAI D.
  • Organizer: The 8th International Conference of the Japan Economic Policy Association
  • Place of Presentation: Center for National University Finance and Management(CUFM), Tokyo, JAPAN
  • Year and Date: 2009-11-28
• [Presentation] he Emergence and Transformation of Industrial Clusters in the Pearl River Delta (2009)
  • Author(s): R. Okumura, D. Cai
  • Organizer: 国際経済研究センター第24回国際学術シンポジウム「国際経済環境の変化と東アジアにおける産業集積」
  • Place of Presentation: Nagoya University, Nagoya, JAPAN
  • Year and Date: 2009-10-28
• [Presentation] The Emergence and Transformation of Industrial Clusters in the Pearl River Delta (2009)
  • Author(s): OKUMURA R., CAI D.
  • Organizer: ワークショップ国際経済環境の変化と東アジアの産業集積
  • Place of Presentation: 名古屋大学経済学研究科, 名古屋, 日本。
  • Year and Date: 2009-10-28
• [Presentation] ndustry-wide Lobbying Increases the Preferential Treatment Enjoyed by Privileged Firms (2009)
  • Author(s): D. Cai
  • Organizer: 11th INFER Annual Conference
  • Place of Presentation: University of Stirling, UK
  • Year and Date: 2009-09-06
• [Presentation] Industry-wide Lobbying Increases the Preferential Treatment Enjoyed by Privileged Firms (2009)
  • Author(s): CAI D.
  • Organizer: 11th INFER Annual Conference 2009
  • Place of Presentation: University of Stirling, UK
  • Year and Date: 2009-09-06
• [Presentation] Solving Undiscounted Infinite Horizon Optimization Problems (2009)
  • Author(s): D. Cai, T. Nitta
  • Organizer: Logic and Mathematics 2009
  • Place of Presentation: UniVerSity of York, UK
  • Year and Date: 2009-08-04
• [Presentation] Solving Undiscounted Infmite Horizon Optimization Problems (2009)
  • Author(s): CAI D., NITTA.T.
  • Organizer: Logic and Mathematics 2009
  • Place of Presentation: University of York, UK
  • Year and Date: 2009-08-04
• [Presentation] Direct Sales of Public Firms in Mixed Markets:A Model of Endogenous Mergers (2008)
  • Author(s): D. Cai
  • Organizer: The Seventh International Conference of the Japan Economic Policy Association
  • Place of Presentation: Doshisha University, Kyoto, JAPAN
  • Year and Date: 2008-12-06
• [Presentation] Direct Sales of Public Firms in Mixed Markets : A Model of Endogenous Mergers (2008)
  • Author(s): CAI D.
  • Organizer: The Seventh International Conference of the Japan Economic Policy Association
  • Place of Presentation: Kyoto, Japan
  • Year and Date: 2008-12-06
• [Presentation] Transversality Conditions for Optimality in Infinite Horizon Problems (Part II) (2008)
  • Author(s): T. Nitta
  • Organizer: The Fifth World Congress of Nonlinear Analysis
  • Place of Presentation: Orlando, Florida, USA
  • Year and Date: 2008-07-07
• [Presentation] Transversality Conditions for Optimality in Infinite Horizon Problems (Part I) (2008)
  • Author(s): T. Nitta
  • Organizer: The Fifth World Congress of Nonlinear Analysis
  • Place of Presentation: Orlando, Florida, USA
  • Year and Date: 2008-07-05
• [Presentation] Does Stringent Global Environmental Regulation Worsen Local Environment? A Game-Theoretic Analysis (2007)
  • Author(s): D. Cai
  • Organizer: The 6th International Conference of the Japan Economic Policy Association
  • Place of Presentation: Hosei University, Tokyo, JAPAN
  • Year and Date: 2007-12-18
• [Presentation] Political Influence and Subsidy Allocation in a Mixed Duopoly: A Bargaining Approach (2007)
  • Author(s): D. Cai
  • Organizer: The 9th INFER Annual Conference 2007
  • Place of Presentation: Loughborough University, UK
  • Year and Date: 2007-10-14
• [Remarks]
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