An exercise in modelling of consumption, import and export of an exhaustible resource

DOI10.1002/OCA.4660110207zbMath0706.90012OpenAlexW1972177232MaRDI QIDQ3487102

Gerhard Sorger, Suresh P. Sethi

Publication date: 1990

Published in: Optimal Control Applications and Methods (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/oca.4660110207

zbMATH Keywords

Pontryagin maximum principlenon-renewable resourcecontrol-theoretic modelproducer profitstotal consumer utility

Mathematics Subject Classification ID

Application models in control theory (93C95) Economic growth models (91B62) Other game-theoretic models (91A40) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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