## An Empirical Study for Transboundary Pollution of Three Gorges Reservoir Area with Emission Permits Trading

- Zuliang Lu, Yuming Feng, Shuhua Zhang, Lin Li, Longzhou Cao
- Neural Processing Letters
- 2017

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@inproceedings{Chang2015ModelingAC, title={Modeling and Computation of Transboundary Industrial Pollution with Emission Permits Trading by Stochastic Differential Game}, author={Shuhua Chang and Xinyu Wang and Zheng Wang and Zhen Wang}, booktitle={PloS one}, year={2015} }

- Published 2015 in PloS one
DOI:10.1371/journal.pone.0138641

Transboundary industrial pollution requires international actions to control its formation and effects. In this paper, we present a stochastic differential game to model the transboundary industrial pollution problems with emission permits trading. More generally, the process of emission permits price is assumed to be stochastic and to follow a geometric Brownian motion (GBM). We make use of stochastic optimal control theory to derive the system of Hamilton-Jacobi-Bellman (HJB) equations… CONTINUE READING