The Mitra-Wan forestry model: a discrete-time optimal control problem

DOI10.1111/NRM.12061zbMATH Open1542.9123MaRDI QIDQ6550348FDOQ6550348

Authors: Leonardo R. Laura-Guarachi, Onésimo Hernández-Lerma 

Publication date: 5 June 2024

Published in: Natural Resource Modeling (Search for Journal in Brave)

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zbMATH Keywords

bias optimalitydiscrete-time systemsinfinite horizonovertaking optimalityaverage optimality

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Existence theories for free problems in two or more independent variables (49J10)

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• On the Faustmann solution to the forest management problem
• On the Mitra-Wan forestry model: a unified analysis
• Some Theoretical Results on the Economics of Forestry
• Turnpike results for discrete-time optimal control systems arising in economic dynamics

Cited In (1)

• Stochastic Mitra-Wan forestry models analyzed as a mean field optimal control problem

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