Stochastic dynamic models with stock-dependent rewards

DOI10.1016/0022-0531(91)90063-AzbMath0743.90032OpenAlexW2078384314MaRDI QIDQ1181228

Lars J. Olson, Yaw Nyarko

Publication date: 27 June 1992

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(91)90063-a

zbMATH Keywords

renewable resourcesaggregate stochastic growth modelsoptimal consumption and investment policies

Mathematics Subject Classification ID

Economic growth models (91B62) Stochastic systems in control theory (general) (93E03)

Related Items (5)

Stochastic growth when utility depend on both consumption and the stock level ⋮ On the possibility of extinction in a class of Markov processes in economics ⋮ Stochastic dynamic models with stock-dependent rewards ⋮ On the Mitra-Wan forestry model: a unified analysis ⋮ Dynamic economic analysis on invasive species management: some policy implications of catch\-ability

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