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Natural Resource Management, the Steady State, and Approximately Optimal Decision Rules

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  • Oscar R. Burt
  • Ronald G. Cummings

Abstract

A dynamic optimatization model incorporating interrelationships among soil loss, topsoil depth, net farm income, and technological progress is developed. The model provides optimal values of soil loss and soil depth which maximize the stream of net farm ...

Suggested Citation

  • Oscar R. Burt & Ronald G. Cummings, 1977. "Natural Resource Management, the Steady State, and Approximately Optimal Decision Rules," Land Economics, University of Wisconsin Press, vol. 53(1), pages 1-22.
    • Handle: RePEc:uwp:landec:v:53:y:1977:i:1:p:1-22
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    Citations

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    Cited by:

    1. Batabyal, Amitrajeet A., 1995. "The Queuing Theoretic Approach To Groundwater Management," Economics Research Institute, ERI Study Papers 28349, Utah State University, Economics Department.
    2. Pope, C. Arden, III & McBryde, Gary L., 1984. "Optimal Stocking Of Rangeland For Livestock Production Within A Dynamic Framework," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(1), pages 1-10, July.
    3. J. Salerian, 1989. "Application of an Economic Model to Dryland Soil Salinity in Western Australia," Economics Discussion / Working Papers 89-25, The University of Western Australia, Department of Economics.
    4. Tsur, Yacov, 1990. "Groundwater Contamination And The Management Of A Conjunctive Ground And Surface Water Irrigation System," Staff Papers 13910, University of Minnesota, Department of Applied Economics.
    5. Passmore, J.G. & Brown, Colin G., 1991. "Analysis Of Rangeland Degradation Using Stochastic Dynamic Programming," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(2), pages 1-27, August.
    6. Segarra, Eduardo & Taylor, Daniel B., 1987. "Farm Level Dynamic Analysis of Soil Conservation: An Application to the Piedmont Area of Virginia," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 19(2), pages 61-73, December.
    7. Knapp, Kieth C., 1985. "Steady-State Solutions to Soil Salinity Optimization Problems," 1985 Annual Meeting, August 4-7, Ames, Iowa 278632, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. S. Pandey & R. K. Lindner & R. W. Medd, 1993. "Towards An Economic Framework For Evaluating Potential Benefits From Research Into Weed Control," Journal of Agricultural Economics, Wiley Blackwell, vol. 44(2), pages 322-334, May.
    9. Unknown, 1991. "Environmental Quality And Land Values," Staff Papers 13399, University of Minnesota, Department of Applied Economics.
    10. Burt, Oscar R., 1982. "Dynamic Programming: Has Its Day Arrived?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-14, December.
    11. Crosson, Pierre & Alt, Klaus & Burt, Oscar & Clark, Edwin H. & Larson, William E. & Libby, Lawrence & McCormack, Don & Swanson, Earl & Walker, David, 1986. "Soil Erosion And Soil Conservation Policy In The United States," 1986 Annual Meeting, July 27-30, Reno, Nevada 278164, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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