Renewable resource manangement with a backstop substitute and nonautonomous prices

DOI10.1016/0095-0696(87)90014-3zbMATH Open0636.90016OpenAlexW1998261596MaRDI QIDQ1098752FDOQ1098752

Authors: Harry R. Clarke, Ram M. Shrestha 

Publication date: 1987

Published in: Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0095-0696(87)90014-3

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zbMATH Keywords

backstop substitutemanaging a renewable resourcemyopic decision rulesoptimality of singular arc policies

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Microeconomic theory (price theory and economic markets) (91B24)

Cited In (3)

• Cycles in nonrenewable resource prices with pollution and learning-by-doing
• Renewable resource management in a seasonally fluctuating environment with restricted harvesting effort
• Optimal transition to backstop substitutes for nonrenewable resources

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