Renewable resource manangement with a backstop substitute and nonautonomous prices

DOI10.1016/0095-0696(87)90014-3MaRDI QIDQ1098752zbMATHOpenAlexFDO

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

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)

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Cited in

(3)

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

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