Environmental and Resource Management under Myopia
Myopia is important in environmental and resource management problems because they often involve intertemporal decisions over a long time horizon. We present a parsimonious extension of standard dynamic programming equation in a continuous time and continuous state setting, which enables rich descri...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2006
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/943 https://ink.library.smu.edu.sg/context/soe_research/article/1942/viewcontent/hotelling_ncd.pdf |
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| Institution: | Singapore Management University |
| Language: | English |