On the Optimal Exploitation of Interacting Resources
Author(s)
Semmler, Willi; Sieveking, Malte
Abstract
The paper demonstrates–partly analytically and partly numerically–that traditional results in resource economics obtained from the study of only one resource do not carry over to ecologically interacting resources. As in the traditional approach, we also employ dynamic optimization. The limiting behavior of the trajectories is first studied analytically by letting the discount rate approach infinity.
