On the economically optimal exploitation of a renewable resource: The case of a convex environment and a convex return function

DOI10.1006/jeth.1997.2305zbMath0888.90037OpenAlexW2070419760MaRDI QIDQ1371132

Michael Kopel, Herbert Dawid

Publication date: 28 October 1997

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

Full work available at URL: https://pub.uni-bielefeld.de/record/2637146

zbMATH Keywords

concave growth functionconvex return functionexploitation of a renewable resource

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (7)

Lipschitz continuous dynamic programming with discount II ⋮ Optimality of impulse harvesting policies ⋮ Keep it in house or sell it abroad? A framework to evaluate fairness ⋮ HARVESTING A TWO-PATCH PREDATOR-PREY METAPOPULATION ⋮ Feedback equilibria in a dynamic renewable resource oligopoly: pre-emption, voracity and exhaustion ⋮ Lipschitz continuous dynamic programming with discount ⋮ Stability and limit cycles in competitive equilibria subject to adjustment costs and dynamic spillovers.

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