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Author : Kenneth Joseph Arrow
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)
Download or read book Optimal Princing, Use and Exploration of Uncertain Natural Resource Stocks written by Kenneth Joseph Arrow and published by . This book was released on 1978 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kenneth Joseph Arrow
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (227 download)
Download or read book Optimal Pricing, use and exploration of uncertain natural resource stocks written by Kenneth Joseph Arrow and published by . This book was released on 1978 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Units of natural resources, to be called 'mines', are assumed distributed over the unexplored territory according to a Poisson process in space. At any moment, total reserves, R, and unexplored land, X, are given. Society can determine the rate of consumption, c, and the rate of exploration (space per unit time), x. Reserves, R, are drawn down by consumption and increased by discoveries made during exploration; X is decreased by exploration. At any moment, the payoff to society is a concave function of c less a linear function of x. Payoffs in the future are discounted back to the present at a constant rate.
Author :
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (397 download)
Download or read book Optimal Pricing, Use, and Exploration of Uncertain Natural Resources written by and published by . This book was released on 1994 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kenneth Joseph Arrow
Publisher : Harvard University Press
ISBN 13 : 9780674137783
Total Pages : 286 pages
Book Rating : 4.1/5 (377 download)
Download or read book Applied Economics written by Kenneth Joseph Arrow and published by Harvard University Press. This book was released on 1985 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses oil imports, medical welfare, health insurance, urban economic development, job discrimination, environmental preservation, interindustry flow analysis, social responsibility, and economic efficiency.
Author : Saul Fuks
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (353 download)
Download or read book Some Results about Exploration and Use of Uncertain Natural Resource Stocks written by Saul Fuks and published by . This book was released on 1981 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mangel
Publisher : Academic Press
ISBN 13 : 0080956777
Total Pages : 270 pages
Book Rating : 4.0/5 (89 download)
Download or read book Decision and Control in Uncertain Resource Systems written by Mangel and published by Academic Press. This book was released on 1984-12-14 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision and Control in Uncertain Resource Systems
Author : XY. Eichhorn
Publisher : Springer Science & Business Media
ISBN 13 : 3662415755
Total Pages : 622 pages
Book Rating : 4.6/5 (624 download)
Download or read book Economic Theory of Natural Resources written by XY. Eichhorn and published by Springer Science & Business Media. This book was released on 2013-12-14 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip A. Neher
Publisher : Cambridge University Press
ISBN 13 : 9780521311748
Total Pages : 376 pages
Book Rating : 4.3/5 (117 download)
Download or read book Natural Resource Economics written by Philip A. Neher and published by Cambridge University Press. This book was released on 1990-04-27 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applies the theory of the firm to solving problems in resource economics.
Author : Mahadevan Sundaresan
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.0/5 ( download)
Download or read book Optimal Extraction and Exploration Policies and Equilibrium Spot and Futures Prices on Nonrenewable Resources written by Mahadevan Sundaresan and published by . This book was released on 1982 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pan-Tai Liu
Publisher : Springer Science & Business Media
ISBN 13 : 1468435728
Total Pages : 273 pages
Book Rating : 4.4/5 (684 download)
Download or read book Dynamic Optimization and Mathematical Economics written by Pan-Tai Liu and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: As an outgrowth of the advancement in modern control theory during the past 20 years, dynamic modeling and analysis of economic systems has become an important subject in the study of economic theory. Recent developments in dynamic utility, economic planning, and profit optimiza tion, for example, have been greatly influenced by results in optimal control, stabilization, estimation, optimization under conflicts, multi criteria optimization, control of large-scale systems, etc. The great success that has been achieved so far in utilizing modern control theory in economic systems should be attributed to the effort of control theorists as well as economists. Collaboration between the two groups of researchers has proven to be most successful in many instances; nevertheless, the gap between them has existed for some time. Whereas a control theorist frequently sets up a mathematically feasible model to obtain results that permit economic interpretations, an economist is concerned more with the fidelity of the model in representing a real world problem, and results that are obtained (through possibly less mathematical analysis) are due largely to economic insight. The papers appearing in this volume are divided into three parts. In Part I there are five papers on the application of control theory to economic planning. Part II contains five papers on exploration, exploita tion, and pricing of extractive natural resources. Finally, in Part III, some recent advances in large-scale systems and decentralized control appear.
Author : Suresh P. Sethi
Publisher : Springer Nature
ISBN 13 : 3030917452
Total Pages : 520 pages
Book Rating : 4.0/5 (39 download)
Download or read book Optimal Control Theory written by Suresh P. Sethi and published by Springer Nature. This book was released on 2022-01-03 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new 4th edition offers an introduction to optimal control theory and its diverse applications in management science and economics. It introduces students to the concept of the maximum principle in continuous (as well as discrete) time by combining dynamic programming and Kuhn-Tucker theory. While some mathematical background is needed, the emphasis of the book is not on mathematical rigor, but on modeling realistic situations encountered in business and economics. It applies optimal control theory to the functional areas of management including finance, production and marketing, as well as the economics of growth and of natural resources. In addition, it features material on stochastic Nash and Stackelberg differential games and an adverse selection model in the principal-agent framework. Exercises are included in each chapter, while the answers to selected exercises help deepen readers’ understanding of the material covered. Also included are appendices of supplementary material on the solution of differential equations, the calculus of variations and its ties to the maximum principle, and special topics including the Kalman filter, certainty equivalence, singular control, a global saddle point theorem, Sethi-Skiba points, and distributed parameter systems. Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as the foundation for the book, in which the author applies it to business management problems developed from his own research and classroom instruction. The new edition has been refined and updated, making it a valuable resource for graduate courses on applied optimal control theory, but also for financial and industrial engineers, economists, and operational researchers interested in applying dynamic optimization in their fields.
Author :
Publisher :
ISBN 13 :
Total Pages : 396 pages
Book Rating : 4.6/5 (26 download)
Download or read book Journal of Information & Optimization Sciences written by and published by . This book was released on 1986 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeroen C. J. M. Van den Bergh
Publisher : Edward Elgar Publishing
ISBN 13 : 1843768585
Total Pages : 1326 pages
Book Rating : 4.8/5 (437 download)
Download or read book Handbook of Environmental and Resource Economics written by Jeroen C. J. M. Van den Bergh and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 1326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students.
Author :
Publisher :
ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.E/5 ( download)
Download or read book Technical Abstract Bulletin written by and published by . This book was released on 1979 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Rabah Arezki
Publisher : International Monetary Fund
ISBN 13 : 1484310322
Total Pages : 112 pages
Book Rating : 4.4/5 (843 download)
Download or read book Shifting Commodity Markets in a Globalized World written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-12-01 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: A survey of the complex and intertwined set of forces behind the various commodity markets and the interplay between these markets and the global economy. Summarizes a rich set of facts combined with in-depth analyses distillated in a nontechnical manner. Includes discussion of structural trends behind commodities markets, their future implications, and policy implications.
Author : Andrey Vavilov
Publisher : Springer Nature
ISBN 13 : 3030767531
Total Pages : 314 pages
Book Rating : 4.0/5 (37 download)
Download or read book Natural Resource Pricing and Rents written by Andrey Vavilov and published by Springer Nature. This book was released on 2021-08-03 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the economics of natural resource markets and pricing, as well as the field of natural resource economics in general. It presents the key contributions to this field of research, including the pioneering works and contemporary studies. The book highlights the basic principles and ideas underlying theoretical models of resource pricing. The models considered in the book underline the fundamental determinants of resource prices and the economic nature of rents for non-renewable and renewable resources. Besides the classical theory of exhaustible resource economics, the book includes several issues that are of high importance for global economic growth, such as the transition to alternative energy and the economics of climate change. The authors also consider the issues of commodity pricing and a resource cartel’s activity that are relevant to the world oil market. The book provides analytical solutions illustrated with numerical examples. It allows an intuitive understanding of the subject and the model inferences through graphical illustrations and an informal introduction. It, therefore, is a must-read for everybody interested in a better understanding of resource prices, resource markets, and resource economics.
Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475592116
Total Pages : 258 pages
Book Rating : 4.4/5 (755 download)
Download or read book World Economic Outlook, April 2017 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2017-04-18 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade, according to Chapter 1 of this World Economic Outlook. World growth is expected to rise from 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic financial markets are all upside developments. But structural impediments to a stronger recovery and a balance of risks that remains tilted to the downside, especially over the medium term, remain important challenges. Chapter 2 examines how changes in external conditions may affect the pace of income convergence between advanced and emerging market and developing economies. Chapter 3 looks at the declining share of income that goes to labor, including the root causes and how the trend affects inequality. Overall, this report stresses the need for credible strategies in advanced economies and in those whose markets are emerging and developing to tackle a number of common challenges in an integrated global economy.
