Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/165951
Authors: 
Hoel, Michael
Year of Publication: 
2016
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 08/2016
Abstract: 
This note gives a brief, non-rigorous sketch of basic optimal control theory, which is a useful tool in several simple economic problems,such as those in resource and environmental economics. While the mathematical analysis in the note is self-contained, there is not much explanation and intuition on the economic issues. The note should therefore be read together with articles or books that give more discussion of the economics of the problems considered.
Subjects: 
optimal control theory
exhaustible resources
renewable resources
climate change
water management
JEL: 
C61
Q2
Q3
Q5
Document Type: 
Working Paper

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