Arbeitspapier

Optimal control theory with applications to resource and environmental economics

This note gives a brief, non-rigorous sketch of basic optimal control theory, which is a useful tool in several simple economic problems,such as those in resource and environmental economics. While the mathematical analysis in the note is self-contained, there is not much explanation and intuition on the economic issues. The note should therefore be read together with articles or books that give more discussion of the economics of the problems considered.

Language
Englisch

Bibliographic citation
Series: Memorandum ; No. 08/2016

Classification
Wirtschaft
Optimization Techniques; Programming Models; Dynamic Analysis
Subject
optimal control theory
exhaustible resources
renewable resources
climate change
water management

Event
Geistige Schöpfung
(who)
Hoel, Michael
Event
Veröffentlichung
(who)
University of Oslo, Department of Economics
(where)
Oslo
(when)
2016

Handle
Last update
10.03.2025, 11:46 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Hoel, Michael
  • University of Oslo, Department of Economics

Time of origin

  • 2016

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