Optimal pricing, use and exploration of uncertain natural resources

DOI10.1080/13504869400000005MaRDI QIDQ4845151zbMATH OpenOpenAlexFDO

Authors Patrick S. Hagan, Diana E. Woodward, Joseph B. Keller, Russel Caflisch

Publication date 4 September 1995

Published in Applied Mathematical Finance (Search for Journal in Brave)

Full work available at URL http://www.tandf.co.uk/journals/routledge/1350486X.html

zbMATH Keywords

optimal pricingrandomly distributed natural resource

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Dynamic programming in optimal control and differential games (49L20) Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• scientific article; zbMATH DE number 1865386
• Optimal resource extraction with uncertain reserves
• The optimal extraction rate of a natural resource under uncertainty
• Optimal Resource Royalties with Unknown and Temporally Independent Extraction Cost Structures
• Optimal resource extraction and uncertainty about new technology
• Optimal harvesting under resource stock and price uncertainty
• Reserve and land prices with exploration under uncertainty
• The concept of internal prices for optimal control of natural resources
• scientific article; zbMATH DE number 4079132

Cited in

(9)

• The extraction of natural resources from two sites under uncertainty
• scientific article; zbMATH DE number 4003870 (Why is no real title available?)
• Resource prices and planning horizons
• scientific article; zbMATH DE number 1865386 (Why is no real title available?)
• Exploration and exhaustibility in dynamic Cournot games
• Diffusion Approximation in Arrow’s Model of Exhaustable Resources
• Reserve and land prices with exploration under uncertainty
• OPTIMAL TARIFFS ON EXHAUSTIBLE RESOURCES: THE CASE OF QUANTITY-SETTING
• A martingale characterization of the price of a nonrenewable resource with decisions involving uncertainty

This page was built for publication: Optimal pricing, use and exploration of uncertain natural resources

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4845151)