Optimal control theory with applications to resource and environmental economics

This note gives a brief, non-rigorous sketch of basic optimal control theory, which is a useful tool in several simple economic problems,such as those in resource and environmental economics. While the mathematical analysis in the note is self-contained, there is not much explanation and intuition on the economic issues. The note should therefore be read together with articles or books that give more discussion of the economics of the problems considered.

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Year of publication:	2016
Authors:	Hoel, Michael
Publisher:	Oslo : University of Oslo, Department of Economics
Subject:	optimal control theory \| exhaustible resources \| renewable resources \| climate change \| water management

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Series:	Memorandum ; 08/2016
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	876668686 [GVK] hdl:10419/165951 [Handle]
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; Q2 - Renewable Resources and Conservation; Environmental Management ; Q3 - Nonrenewable Resources and Conservation ; Q5 - Environmental Economics
Source:	EconStor

Persistent link: https://www.econbiz.de/10011694176