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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: optimal control
In a previous post, I referred to the importance in environmental and natural resource economics of the technique of dynamic optimisation, also known as optimal control. However, the technique is difficult, and worked examples in textbooks or on the web … Continue reading
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