Constant Sustainable Consumption Rate in Optimal Growth with Exhaustible Resources

DOI10.1002/SAPM198063147zbMATH Open0442.90008OpenAlexW2141709570MaRDI QIDQ3885460

Frederic Y. M. Wan

Publication date: 1980

Published in: Studies in Applied Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/sapm198063147

zbMATH Keywords

economic growthoptimal growthCobb-Douglas production functionexhaustible resourceseconomic controlfinite planning periodconstant sustainable consumption ratemaximum sustainable consumption rateMayer-type optimal-control problemminimum-resource-extraction problemmultigrade-resource deposit problems

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Numerical Solutions for Maximum Sustainable Consumption Growth with a Multi-Grade Exhaustible Resource

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