Showing 1 - 10 of 46
We consider a robust control model for a spatially distributed commercial fishery under uncertainty, and in particular a tracking problem, i.e. the problem of robust stabilization of a chosen deterministic benchmark state in the presence of model uncertainty. The problem is expressed in the form...
Persistent link: https://www.econbiz.de/10010859444
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 frontier...
Persistent link: https://www.econbiz.de/10010859447
Persistent link: https://www.econbiz.de/10010859450
We study rational expectations equilibrium problems and social optimum problems in infinite horizon spatial economies in the context of a Ramsey type capital accumulation problem with geographical spillovers. We identify sufficient local and global conditions for the emergence (or not) of...
Persistent link: https://www.econbiz.de/10010859453
We develop a one-dimemsional energy balance climate model with heat transportation across locations. We introduce the concept of po- tential world GDP at time t, and we introduce, through the temper- ature function, spatial characteristics into the damage function which make damages latitude...
Persistent link: https://www.econbiz.de/10009421448
A simpli��ed energy balance climate model is considered with the global mean temperature as the state variable, and an endogenous ice line. The movements of the ice line towards the Poles are associated with damage reservoirs where initial damages are high and then eventually...
Persistent link: https://www.econbiz.de/10009645499
We study rational expectations equilibrium problems and social optimum problems in innite horizon spatial economies in the context of a Ramsey type capital accumulation problem with geographical spillovers. We identify sufficient local and global conditions for the emergence (or not) of optimal...
Persistent link: https://www.econbiz.de/10010757308
We formulate infinite dimensional stochastic robust optimal control problems, motivated by applications arising in interconnected economic systems, or spatially extended economies. We study in detail linear quadratic problems and nonlinear problems. We derive optimal robust controls and identify...
Persistent link: https://www.econbiz.de/10010759933
We analyze endogenous pattern formation resulting from forward-looking optimizing behavior of economic agents in the presence of spatial spillovers modelled by continuous kernels. We use Fourier methods to identify nec- essary and su�¢ cient conditions for the emergence of optimal...
Persistent link: https://www.econbiz.de/10008552089
This paper develops linear quadratic robust control theory for a class of spatially invariant distributed control systems that appear in areas of economics such as New Economic Geography, management of ecological systems, optimal harvesting of spatially mobile species, and the like. Since this...
Persistent link: https://www.econbiz.de/10008490298