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Solving ecological management problems using dynamic programming

Title data

Grüne, Lars ; Kato, Mika ; Semmler, Willi:
Solving ecological management problems using dynamic programming.
In: Journal of Economic Behavior & Organization. Vol. 57 (2005) Issue 4 . - pp. 448-473.
ISSN 1879-1751
DOI: https://doi.org/10.1016/j.jebo.2005.04.002

Abstract in another language

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: Article in a journal
Refereed: Yes
Additional notes: Special Issue: Multiple Equilibria, Thresholds and Policy Choices
Institutions of the University: 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)
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
Result of work at the UBT: Yes
DDC Subjects: 500 Science
500 Science > 510 Mathematics
Date Deposited: 02 Mar 2021 10:28
Last Modified: 23 Mar 2021 09:13
URI: https://eref.uni-bayreuth.de/id/eprint/63562