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Stochastic Dynamic Programming in Space: An Application to British Columbia Forestry

Author

Listed:
  • John Rust
  • Harry J. Paarsch

    () (Economics University of Iowa)

Abstract

No abstract is available for this item.

Suggested Citation

  • John Rust & Harry J. Paarsch, 2005. "Stochastic Dynamic Programming in Space: An Application to British Columbia Forestry," 2005 Meeting Papers 81, Society for Economic Dynamics.
  • Handle: RePEc:red:sed005:81
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    File URL: http://paarsch.biz.uiowa.edu/download/dynprog.pdf
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    References listed on IDEAS

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    Keywords

    stochastic dynamic programming; optimal timber rotation; spacial economics; rent maximization.;

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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