Optimal management of the growth potential of renewable resources
نویسندگان
چکیده
منابع مشابه
Optimal Growth, Renewable Resources and Sustainability
We study a growth model for a single resource-based economy, as an infinite-horizon optimal control problem. The resource is assumed to be governed by the standard model of logistic growth, and is related to the output of the economy through a Cobb-Douglass type production function with an exogenously driven knowledge stock. The problem involves unbounded controls and the non-concave Hamiltonia...
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ژورنال
عنوان ژورنال: Journal of Economics
سال: 1992
ISSN: 0931-8658
DOI: 10.1007/bf01237184