Capital accumulation and the optimization of renewable resource models
DOI10.1016/0022-0531(80)90009-5zbMath0472.90015MaRDI QIDQ1158335
Matthew J. Sobel, Roy Mendelssohn
Publication date: 1980
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(80)90009-5
finance; fishery; capital management; accumulation; water reservoir; individual lifetime allocation process; n-period model; optimal decision making under uncertainty; optimal one-sector growth; optimal reinvestment; optimization of renewable resource models; sufficient continuity conditions
91B62: Economic growth models
91B76: Environmental economics (natural resource models, harvesting, pollution, etc.)
90B99: Operations research and management science
Related Items
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Global asymptotic stability results for multisector models of optional growth under uncertainty when future utilities are discounted
- A law of large numbers in the theory of consumer's choice under uncertainty
- An income fluctuation problem
- On optimal growth under uncertainty
- The permanent income hypothesis: A theoretical formulation
- Some results on An income fluctuation problem
- Asymptotic behavior of successive iterates of continuous functions under a Markov operator
- On Sequential Decisions and Markov Chains
- Optimal Consumption with a Stochastic Income Stream
- Compound-Return Mean-Variance Efficient Portfolios Never Risk Ruin
- Minimizing a Submodular Function on a Lattice
- Overtaking Optimality for Markov Decision Chains
- Optimal Economic Growth and Uncertainty: The No Discounting Case
- The Accumulation of Risky Capital: A Sequential Utility Analysis
- Discrete Dynamic Programming
- Capital Accumulation and Production for the Firm: Optimal Dynamic Policies
- Existence of Stationary Optimal Policies for Some Markov Renewal Programs
- Employment Smoothing (Capital Accumulation) with Production for Stochastic Demand
- Making Short-Run Changes in Production when the Employment Level is Fixed
- Optimal Investment and Consumption Strategies Under Risk for a Class of Utility Functions
- Uncertainty and Optimal Consumption Decisions