On the Mitra-Wan forestry model: a unified analysis

DOI10.1016/J.JET.2011.11.010zbMATH Open1258.91175OpenAlexW1965664180WikidataQ125862240 ScholiaQ125862240MaRDI QIDQ665461FDOQ665461

Authors: M. Ali Khan, Adriana Piazza 

Publication date: 5 March 2012

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2011.11.010

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zbMATH Keywords

discrepancy functionasymptotic convergenceforest managementnon-interiorityoptimal programsvalue-lossfinitely-maximal programsgood programsmaximal programs

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Cites Work

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Cited In (13)

• The nonconcavity of money-metric utility: a new formulation and proof
• Convergence of optimal harvesting policies to a normal forest
• Deforestation and optimal management
• The economics of forestry and a set-valued turnpike of the classical type
• On the non-existence of optimal programs in the Robinson-Solow-Srinivasan (RSS) model
• On the Mitra-Wan forest management problem in continuous time
• The convergence of optimal forestry control
• Stochastic Mitra-Wan forestry models analyzed as a mean field optimal control problem
• Money-metrics in local welfare analysis: Pareto improvements and equity considerations
• The stochastic mitra-wan forestry model: risk neutral and risk averse cases
• On locally optimal programs in the Robinson-Solow-Srinivasan model
• Irreversibility and the economics of forest conservation
• The Mitra-Wan forestry model: a discrete-time optimal control problem

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