at Google ScholarTitle 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
Related URLs
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: | 17 May 2021 10:41 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/63562 |