Bartoszczuk, Pawel, "Optimisation of Consumption with Emission", 2005 July 17-2005 July 21
ua435
Our objective is to conduct simulations with economic environmental model. We list the important and causal relationships among the levels and trace the feedback loop structures. In describing an economic and environmental model we focus on the relations among income, consumption, emission, and damage. This paper yields insight into maximization of welfare. Next, we present the simulation runs of the model, conducted with the help of existing system dynamics modeling tools.