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Titlebook: Dynamic Optimization in Environmental Economics; Elke Moser,Willi Semmler,Vladimir M. Veliov Book 2014 Springer-Verlag Berlin Heidelberg 2

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Hans Joachim Braun,Wolfhard Weberan ‘end’ manifold that result from patching with the boundary solution. The major result is that multiple equilibria require a non-monotonic initial manifold. This necessary condition for multiple equilibria can be tested without (or prior to) solving the Hamilton-Jacobi-Bellman equation. Applicatio
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Hans Joachim Braun,Wolfhard Webert in research and development to avoid their dependence on foreign oil; the arrival of the oil substitute is modeled with a Poisson process. The optimum resource extraction path is determined by the optimization of oil exporters, which take the Poisson rate as exogenously given. We provide clear-cut
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Hans Joachim Braun,Wolfhard Webern forestry, the consideration of some stand features such as requiring a certain volume of deadwood and/or large trees as a part of the management regime may help to preserve and enhance biodiversity. However, it is likely to lead to a decrease in the benefits obtained from timber sales. This chapte
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https://doi.org/10.1007/978-3-642-68108-0exists a unique Nash equilibrium, where all countries use feedback strategies. We also obtain two Stackelberg equilibria, one where the exporting cartel is the leader, and one where the coalition of importing countries is the leader. Not surprisingly, the world welfare under the Nash equilibrium is
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Gian Pietro Marzoli,Sergio Vesentinifertility and status-seeking. A land reform provides the peasants with strong incentives to limit their family size and to improve the productivity of land. Even though the income effect due to the land reform tends to raise fertility, a strong enough status-effect outweighs it, thus generating a de
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,Fehlbildungen der Wirbelsäule,known density-dependent size-structured population model that includes an age-structured model as a special case. Harvest from each size class can be chosen independently. Mathematically the model is an any number of state and control variables discrete-time optimization problem. While earlier studi
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