Brock, W.A.; Xepapadeas, A.; Yannacopoulos, A.N. - In: Annual Review of Resource Economics 6 (2014) 1, pp. 33-68
We present methods and tools that can be used to study dynamic environmental resource management in a spatial setting, to explore spatially dependent regulation, and to understand pattern formation. In particular, we present the maximum principle and its use in the context of the emerging...