Renewable resource manangement with a backstop substitute and nonautonomous prices

DOI10.1016/0095-0696(87)90014-3zbMath0636.90016OpenAlexW1998261596MaRDI QIDQ1098752

Harry R. Clarke, Ram M. Shrestha

Publication date: 1987

Published in: Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0095-0696(87)90014-3

zbMATH Keywords

backstop substitutemanaging a renewable resourcemyopic decision rulesoptimality of singular arc policies

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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