Optimal exploitation of renewable resources under uncertainty and the extinction of species

DOI10.1007/s00199-005-0618-5zbMath1094.91052WikidataQ114692916 ScholiaQ114692916MaRDI QIDQ2490713

Santanu Roy, Tapan Mitra

Publication date: 18 May 2006

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://cae.economics.cornell.edu/MRExtinctionAug2003.pdf

zbMATH Keywords

stochastic dynamic programming; optimal resource management; safe standard of conservation

Mathematics Subject Classification ID

91B70: Stochastic models in economics

91B76: Environmental economics (natural resource models, harvesting, pollution, etc.)

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