Optimal costless extraction rate changes from a non-renewable resource
DOI10.1017/S0956792514000229zbMATH Open1320.91114OpenAlexW1989047827MaRDI QIDQ5499653FDOQ5499653
Authors: Geoffrey W. Evatt, Paul Johnson, Peter W. Duck, Sydney D. Howell 
Publication date: 30 July 2015
Published in: European Journal of Applied Mathematics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1017/s0956792514000229
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Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Corporate finance (dividends, real options, etc.) (91G50) Applications of optimal control and differential games (49N90)
Cites Work
- On nonrenewable resource oligopolies: the asymmetric case
- The Mathematics of Financial Derivatives
- On the investment-uncertainty relationship in a real options model
- Evaluating environmental investments: a real options approach
- Structural estimation of the stochastic dynamic decision problems of resource users: An application to the timber harvest decision
- Fisheries management with stock growth uncertainty and costly capital adjustment
- An Economic Model for Evaluating Mining and Manufacturing Ventures with Output Yield Uncertainty
- Regime switching in a fishery with stochastic stock and price
- A mathematical model of an oil and gas field development process
- Robust control in water management
- Valuing managerial flexibility: an application of real-option theory to mining investments
- The expected lifetime of an extraction project.
Cited In (11)
- Title not available (Why is that?)
- Title not available (Why is that?)
- Nonrenewable resources with switching costs
- When should we stop extracting nonrenewable resources?
- Optimal harvesting policy for biological resources with uncertain heterogeneity for application in fisheries management
- Discontinuous extraction of a nonrenewable resource
- Using optimal control to optimize the extraction rate of a durable non-renewable resource with a monopolistic primary supplier
- Optimal shutdown decisions in resource extraction
- Stochastic differential game for management of non-renewable fishery resource under model ambiguity
- The Optimal Depletion and Exploration of a Nonrenewable Resource
- How to eat a cake of unknown size -- the case of a growing cake
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