英文文献:Investment in Information and Production of Natural Resources--A Stochastic Control Approach
英文文献作者:Dixon, Bruce L.,Howitt, Richard E.
英文文献摘要:
Production from unexploited natural resources is of increasing concern to policy makers. Currently, optimal resource production models ignore the effect of uncertainty about resource stocks and the production process. The stochastic control formulation explicitly derives the conditions of optimal resource production under uncertainty and the cost of uncertainty in production.