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Stochastic dynamic models with stock-dependent rewards


  • Nyarko, Yaw
  • Olson, Lars J.


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  • Nyarko, Yaw & Olson, Lars J., 1991. "Stochastic dynamic models with stock-dependent rewards," Journal of Economic Theory, Elsevier, vol. 55(1), pages 161-168, October.
  • Handle: RePEc:eee:jetheo:v:55:y:1991:i:1:p:161-168

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    References listed on IDEAS

    1. Tapan Mitra & Henry Y. Wan, 1985. "Some Theoretical Results on the Economics of Forestry," Review of Economic Studies, Oxford University Press, vol. 52(2), pages 263-282.
    2. Benhabib, Jess & Rustichini, Aldo, 1989. "A Vintage Capital Model Of Investment And Growth: Theory And Evidence," Working Papers 89-26, C.V. Starr Center for Applied Economics, New York University.
    3. Mitra, Tapan & Wan, Henry Jr., 1986. "On the faustmann solution to the forest management problem," Journal of Economic Theory, Elsevier, vol. 40(2), pages 229-249, December.
    4. McKenzie, Lionel W., 1979. "Optimal Economic Growth and Turnpike Theorems," Working Papers 267, California Institute of Technology, Division of the Humanities and Social Sciences.
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    Cited by:

    1. Olson, Lars J., 1995. "Dynamic Economic Models with Uncertainty and Irreversibility: Methods and Applications," Working Papers 197822, University of Maryland, Department of Agricultural and Resource Economics.
    2. Olson, Lars J. & Roy, Santanu, 2003. "The Economics Of Controlling A Biological Invasion," Working Papers 28591, University of Maryland, Department of Agricultural and Resource Economics.
    3. Linden, Mikael, 8. "Modelling forest stock effects of forest investments in Finland 1960-2004," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 41, May.
    4. Ali Khan, M. & Piazza, Adriana, 2012. "On the Mitra–Wan forestry model: A unified analysis," Journal of Economic Theory, Elsevier, vol. 147(1), pages 230-260.
    5. Olson, Lars J. & Roy, Santanu, 1996. "On Conservation of Renewable Resources with Stock-Dependent Return and Nonconcave Production," Journal of Economic Theory, Elsevier, vol. 70(1), pages 133-157, July.
    6. Santanu Roy, 2010. "On sustained economic growth with wealth effects," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(1), pages 29-45.
    7. Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2006. "Dynamic Economic Analysis on Invasive Species Management: Some Policy Implications of Catchability," Working Papers EMS_2006_16, Research Institute, International University of Japan.
    8. Mitra, Tapan & Roy, Santanu, 2007. "On the possibility of extinction in a class of Markov processes in economics," Journal of Mathematical Economics, Elsevier, vol. 43(7-8), pages 842-854, September.
    9. Olson, Lars J. & Roy, Santanu, 2005. "Theory of Stochastic Optimal Economic Growth," Working Papers 28601, University of Maryland, Department of Agricultural and Resource Economics.

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