Fishery management in a regime switching environment: utility theory approach

DOI10.1016/j.rinam.2020.100125zbMath1461.91204OpenAlexW3000588574MaRDI QIDQ831409

Gaston Clément Nyassoke Titi, Louis Aimé Fono, Jules Sadefo Kamdem

Publication date: 11 May 2021

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

Full work available at URL: https://doi.org/10.1016/j.rinam.2020.100125

zbMATH Keywords

viscosity solutionregime switchingCRRA utilityHoward's algorithmmean-reverting pricesstochastic logistic growth

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25) Biological rhythms and synchronization (92B25)

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Cites Work

• Second-order elliptic integro-differential equations: viscosity solutions' theory revisited
• A real options approach to the valuation of a forestry investment.
• Regime switching in a fishery with stochastic stock and price
• Optimal stopping of switching diffusions with state dependent switching rates
• Optimal control of diffustion processes and hamilton-jacobi-bellman equations part I: the dynamic programming principle and application
• Some Convergence Results for Howard's Algorithm
• User’s guide to viscosity solutions of second order partial differential equations
• Optimal control and viscosity solutions of Hamilton-Jacobi-Bellman equations
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