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Solving ecological management problems using dynamic programming

DOI zum Zitieren der Version auf EPub Bayreuth: https://doi.org/10.15495/EPub_UBT_00005519
URN to cite this document: urn:nbn:de:bvb:703-epub-5519-3

Title data

Grüne, Lars ; Kato, Mika ; Semmler, Willi:
Solving ecological management problems using dynamic programming.
Bayreuth , 2002

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Abstract

This paper is an extension of the work by Brock and Starret (1999) on an ecological management problem. They detect the existence of multiple equilibria, given the ecological behavior of relevant natural resources, in an economy of individuals who have conflicting interests concerning the state of ecology. We study the global dynamics and its policy implication using the associated Hamilton-Jacobi-Bellman equation and numerical dynamic programming.

Further data

Item Type: Preprint, postprint
Additional notes (visible to public): erschienen In:
Journal of Economic Behavior & Organization. Bd. 57 (2005) Heft 4 . - S. 448-473
DDC Subjects: 500 Science
500 Science > 510 Mathematics
Institutions of the University: Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics) > Chair Mathematics V (Applied Mathematics) - Univ.-Prof. Dr. Lars Grüne
Faculties
Faculties > Faculty of Mathematics, Physics und Computer Science
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics)
Language: English
Originates at UBT: Yes
URN: urn:nbn:de:bvb:703-epub-5519-3
Date Deposited: 17 May 2021 10:41
Last Modified: 17 May 2021 10:42
URI: https://epub.uni-bayreuth.de/id/eprint/5519

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