OPTIMAL DISCOUNTING IN CONTROL PROBLEMS THAT SPAN MULTIPLE GENERATIONS

DOI10.1111/J.1939-7445.2005.TB00157.XMaRDI QIDQ3367182zbMATH OpenOpenAlexFDO

Authors Frank N. Caliendo, Kenneth S. Lyon

Publication date 23 January 2006

Published in Natural Resource Modeling (Search for Journal in Brave)

Full work available at URL https://digitalcommons.usu.edu/cgi/viewcontent.cgi?article=1271&context=eri

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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Cites work

• scientific article; zbMATH DE number 50791 (Why is no real title available?)
• On the ``environmental discount rate
• OPTIMAL DISCOUNTING OF BENEFITS FROM CLEANUP AT WASTE SITES
• The costate variable in natural resource optimal control problems
• Why the far-distant future should be discounted at its lowest possible rate

Cited in

(1)

• Stock pollution, child-bearing externalities, and the social discount rate

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