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Home > Business and Economics > Economics > Economics of specific sectors > Environmental economics > Dynamic Timing Decisions Under Uncertainty: Essays on Invention, Innovation and Exploration in Resource Economics(406 Lecture Notes in Economics and Mathematical Systems)
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Dynamic Timing Decisions Under Uncertainty: Essays on Invention, Innovation and Exploration in Resource Economics(406 Lecture Notes in Economics and Mathematical Systems)

Dynamic Timing Decisions Under Uncertainty: Essays on Invention, Innovation and Exploration in Resource Economics(406 Lecture Notes in Economics and Mathematical Systems)


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About the Book

This book deals with dynamic timing decisions under uncertainty in the context of exhaustible resources. Adopting the dynamic programming technique of decomposing a large and complex problem into smaller and simpler ones, the book offers a unified treatment of the important subjects of exploration and technological innovation in the economics of exhaustible resources. These processes generate the dynamics of an economic system and might induce this system to switch from one dynamic regime to another. The question of how and when a policy maker should switch regimes is the main theme throughout the book. The approach offered can be used to study similar problems in industrial organization or dynamic macroeconomics.

Table of Contents:
1 Resource Economics Modelling and the Technique of Optimal Control.- 2 R & D Timing, Innovation and Resource Depletion Under Certainty.- 3 R & D Timing, Innovation and Resource Depletion Under Uncertainty.- 4 Theoretical Resource Exploration Over Space and Time.- 5 R & D Timing and Innovation: A Bilateral Resource Monopoly Dynamic Game.- Conclusion.- References.- Name Index.


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Product Details
  • ISBN-13: 9783540576495
  • Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
  • Publisher Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
  • Height: 244 mm
  • No of Pages: 198
  • Returnable: N
  • Sub Title: Essays on Invention, Innovation and Exploration in Resource Economics
  • ISBN-10: 3540576495
  • Publisher Date: 28 Mar 1994
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Series Title: 406 Lecture Notes in Economics and Mathematical Systems
  • Width: 170 mm


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Dynamic Timing Decisions Under Uncertainty: Essays on Invention, Innovation and Exploration in Resource Economics(406 Lecture Notes in Economics and Mathematical Systems)
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Dynamic Timing Decisions Under Uncertainty: Essays on Invention, Innovation and Exploration in Resource Economics(406 Lecture Notes in Economics and Mathematical Systems)
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Dynamic Timing Decisions Under Uncertainty: Essays on Invention, Innovation and Exploration in Resource Economics(406 Lecture Notes in Economics and Mathematical Systems)

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