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Séminaire sur les jeux dynamiques et les applications

Reclamation of a resource extraction site: A dynamic game approach

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5 nov. 2020   11h00 — 12h00

Nahid Masoudi Memorial University of Newfounland, Canada

Nahid Masoudi

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Nº de réunion : 962 7774 9870
Code secret : 285404

We study an extraction site reclamation problem in a two-player differential game setting over a finite time horizon. Environmental regulation requires each firm to engage in reclamation efforts during the entire lifespan of the extraction site and to pay an abandonment reclamation fee at the end of its lease term for any environmental damage imposed by unclaimed environmental disturbance caused by firms’ activities. Firms determine their reclamation efforts in order to minimize their reclamation cost. We analyze and compare individual firms’ choices and the environmental disturbance in the noncooperative and the cooperative cases by distinguishing between situations in which firms are homogeneous and heterogeneous.

(with Simone Marsiglio)

Georges Zaccour responsable
Can Baris Cetin responsable
Utsav Sadana responsable

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Webinaire
Montréal Québec Canada

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