Diffusion Approximation in Arrow’s Model of Exhaustable Resources (Q3755201)
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scientific article; zbMATH DE number 4003869
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| English | Diffusion Approximation in Arrow’s Model of Exhaustable Resources |
scientific article; zbMATH DE number 4003869 |
Statements
Diffusion Approximation in Arrow’s Model of Exhaustable Resources (English)
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1986
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diffusion process
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optimal exploration strategy
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natural resource
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Markovian stochastic dynamic programming
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bang-bang
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instantaneous control
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exploration intensity
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Bellman equation
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0.8304439187049866
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0.804530143737793
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