Sequential exploitation of uncertain deposits of a depletable natural resource

DOI10.1016/0022-0531(79)90008-5zbMath0413.90021OpenAlexW1998093236MaRDI QIDQ598989

Arthur J. Robson

Publication date: 1979

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

Full work available at URL: https://ir.lib.uwo.ca/economicsresrpt/575

zbMATH Keywords

uncertaintyresource depletionsequential exploitation

Mathematics Subject Classification ID

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

Related Items (1)

Decreasing absolute risk aversion and utility indices derived from cake- eating problems

Cites Work

• Splines via dynamic programming
• The Optimal Exploitation of an Unknown Reserve
• Sufficient Conditions for the Optimal Control of Nonlinear Systems
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