Fishery management in a regime switching environment: utility theory approach

DOI10.1016/j.rinam.2020.100125zbMath1461.91204MaRDI QIDQ831409

Gaston Clément Nyassoke Titi, Louis Aimé Fono, Jules Sadefo Kamdem

Publication date: 11 May 2021

Published in: Results in Applied Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.rinam.2020.100125

zbMATH Keywords

viscosity solution; regime switching; CRRA utility; Howard's algorithm; mean-reverting prices; stochastic logistic growth

Mathematics Subject Classification ID

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

49L25: Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games

92B25: Biological rhythms and synchronization

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Stochastic streamflow and dissolved silica dynamics with application to the worst-case long-run evaluation of water environment, Optimal renewable resource harvesting model using price and biomass stochastic variations: a utility based approach

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