Renewable resource management with stochastic recharge and environmental threats

DOI10.1016/j.jedc.2011.06.013zbMath1237.91175OpenAlexW2106073118MaRDI QIDQ419490

Arie Leizarowitz, Yacov Tsur

Publication date: 18 May 2012

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2011.06.013

zbMATH Keywords

Markov decision processoptimal stationary policycatastrophic eventendogenous discountingstochastic stock dynamics

Mathematics Subject Classification ID

Markov and semi-Markov decision processes (90C40) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Cites Work

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