On the option interpretation of rational harvesting planning

DOI10.1007/s002859900020zbMath0960.91058OpenAlexW2057524876WikidataQ52076684 ScholiaQ52076684MaRDI QIDQ1570766

Luis H. R. Alvarez

Publication date: 11 May 2001

Published in: Journal of Mathematical Biology (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s002859900020

zbMATH Keywords

optimal harvestingsingular stochastic controloption values

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Ecology (92D40)

Related Items (11)

Itô versus Stratonovich calculus in random population growth ⋮ Unique solvability of a singular stochastic control model for population management ⋮ Optimal Ergodic Harvesting under Ambiguity ⋮ On solvability of a two-sided singular control problem ⋮ Optimal harvesting strategies for stochastic competitive Lotka-Volterra ecosystems ⋮ Optimal multi-dimensional stochastic harvesting with density-dependent prices ⋮ Harvesting in a random environment: Itô or Stratonovich calculus? ⋮ On the properties of \(r\)-excessive mappings for a class of diffusions ⋮ A finite difference scheme for variational inequalities arising in stochastic control problems with several singular control variables ⋮ Growth and extinction of populations in randomly varying environments ⋮ Variable effort harvesting models in random environments: generalization to density-dependent noise intensities

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