The stochastic lake game: A numerical solution

DOI10.1016/j.jedc.2005.10.010zbMath1162.91314MaRDI QIDQ959636

S. I. O'Donnell, W. Davis Dechert

Publication date: 12 December 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2005.10.010

zbMATH Keywords

stochastic optimal control; Markov processes; stochastic dynamic programming; dynamic games with a potential function; lake water pollution

Mathematics Subject Classification ID

93E20: Optimal stochastic control

91A15: Stochastic games, stochastic differential games

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

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