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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Tag Archives: maximum principle
A Key Technique of Environmental Economics
Dynamic optimisation, also known as optimal control, is one of the most important techniques of environmental and natural resource economics. Although it’s difficult, the basics should be a compulsory element of graduate-level courses in these fields. I managed to get … Continue reading
Posted in Mathematical Techniques Tagged dynamic optimisation, maximum principle, optimal control Leave a comment