Optimal resource extraction with uncertain reserves

DOI10.1002/1520-6750(199203)39:2%3C153::AID-NAV3220390203%3E3.0.CO;2-8MaRDI QIDQ3993984zbMATH OpenOpenAlexFDO

Authors Robert J. Lipshutz, Lawrence D. Stone

Publication date 13 August 1992

Full work available at URL https://doi.org/10.1002/1520-6750(199203)39:2%3C153::aid-nav3220390203%3E3.0.co;2-8

zbMATH Keywords

natural resourceoptimal extraction policydiscrete time and continuous time versionsuncertain reserves

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Computational methods for problems pertaining to operations research and mathematical programming (90-08) Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62) Application models in control theory (93C95)

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Cites work

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