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Optimal harvesting under resource stock and price uncertainty
Alvarez, Luis H. R.; Koskela, Erkki - In: Journal of economic dynamics & control 31 (2007) 7, pp. 2461-2485
Persistent link: https://www.econbiz.de/10003485162
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Optimal harvesting under resource stock and price uncertainty
Alvarez, Luis H. R. (contributor);  … - 2005
We analyze optimal harvesting policy under stochastic price and stock dynamics. We state a set of weak conditions under which the optimal policy can be characterized by a single exercise threshold and show that the value of optimal harvesting and depletion policies can be expressed as the...
Persistent link: https://www.econbiz.de/10002576586
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Forest rotation under spatial and temporal interdependence : a re-examination
Koskela, Erkki; Ollikainen, Markku - 2000
Persistent link: https://www.econbiz.de/10001448901
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Optimal public harvesting under the interdependence between private and public standards
Koskela, Erkki; Ollikainen, Markku - 2000
Persistent link: https://www.econbiz.de/10001448906
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Optimal Harvesting Under Resource Stock and Price Uncertainty
Koskela, Erkki; Alvarez, Luis Hernan Radomiro - 2021
We analyze optimal harvesting policy under stochastic price and stock dynamics. We state a set of weak conditions under which the optimal policy can be characterized by a single exercise threshold and show that the value of optimal harvesting and depletion policies can be expressed as the...
Persistent link: https://www.econbiz.de/10013318770