scientific article; zbMATH DE number 4176798

MaRDI QIDQ3200864zbMATH OpenFDO

Authors Peter Lohmander

Publication date 1988

zbMATH Keywords

Markov processoptimal harvestingcontinuous-timeincreasing risknatural resourceoptimal intertemporal extraction

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Optimal stochastic control (93E20)

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(9)

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• Optimal risk management problem of natural resources: application to oil drilling
• Sustainability criterion implied externality pricing for resource extraction
• The optimal extraction rate of a natural resource under uncertainty
• Forest management challenges for operational researchers
• Polluting resource extraction and climate risk
• Optimal resource extraction and uncertainty about new technology
• Can the desire to conserve our natural resources be self-defeating?

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