P. Bartoszcuk (Poland)
Modelling, simulation, economics, environmental protection.
We build with economic–environmental model and conduct simulations. 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.
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