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zbMath0478.90001MaRDI QIDQ3936444

Michael Hoel

Publication date: 1980

Title: zbMATH Open Web Interface contents unavailable due to conflicting licenses.

zbMATH Keywords

optimal control economics of uncertainty risk aversion monopoly perfect competition social optimum risk neutrality two period model backstop technology extraction of a non-renewable scarce natural resource extraction paths non-exhaustible substitute two types of uncertainty

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Dynamic programming (90C39) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (1)

Dynamic games in the economics of natural resources: a survey

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