The optimal harvesting problem with a land market: a characterization of the asymptotic convergence
type: Item
instance of: scholarly article
title: The optimal harvesting problem with a land market: a characterization of the asymptotic convergence
zbMATH Open document ID: 1166.91021
author: Adriana Piazza
published in: Economic Theory
publication date: 2009-05-05T00:00:00Z
full work available at URL: http://hdl.handle.net/10533/142575
review text: In the paper, an optimal forest management problem where the resource is the land surface and may be allocated among forest species is considered. The author utilizes a discrete time optimal control model which admits the possibility of buying and selling land. Convergence of optimal trajectories to sustainable states or to periodic cycles are proven under several kinds of assumptions. The case where land conversion is costly is also discussed.
reviewed by: Igor V. Konnov
Mathematics Subject Classification ID: 91B76
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 49J99
Mathematics Subject Classification ID: 93C55
zbMATH DE Number: 5550696
zbMATH Keywords: Optimal forest management problem
zbMATH Keywords: sustainable states
zbMATH Keywords: turnpike theorem
zbMATH Keywords: discrete time model
MaRDI profile type: Publication
OpenAlex ID: W2031001306
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DOI: 10.1007/S00199-008-0362-8
description: scientific article; zbMATH DE number 5550696