USING OPTIMAL CONTROL TO CHARACTERIZE THE ECONOMIC AND ECOLOGICAL IMPLICATIONS OF SPATIAL EXTERNALITIES

This study uses optimal control theory to examine the dynamic features of agricultural landscapes characterized by spatial externalites. A stylized system of agricultural production and groundwater flow is used to illustrate how spatial externalities affect land use decisions over time. Policy alternatives are also considered.

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Year of publication:	2001
Authors:	Marshall, Elizabeth P. ; Homans, Frances R.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Environmental Economics and Policy

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Extent:	application/pdf
Series:	2001 Annual meeting, August 5-8, Chicago, IL.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2001 Annual meeting, August 5-8, Chicago, IL Number 20654
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005503663