Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168250
Authors: 
Behringer, Stefan
Upmann, Thorsten
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Decision Theory F09-V1
Abstract: 
In standard models of spatial harvesting, the resource is distributed over the complete domain and the agent is able to control the harvesting activity everywhere. In some cases, it is more realistic to assume that the resource is located at a single point and that the agent is required to travel. The agent faces a combined travelling–and–harvesting problem. We scrutinize this two-stage optimal control problem and characterise the optimal policy of the full travelling–and–harvesting problem.
JEL: 
Q20
Q22
C61
Document Type: 
Conference Paper

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