Optimality of irreversible pollution accumulation

Article Abstract:

Optimal pollution accumulation was studied for instances when the decay function assumes an inverted-U shape. These types of decay functions are empirically relevant. However, they result in dynamic optimization nonconvexities. A two-stage optimization procedure was applied to handle the problem of nonconvexity. The two qualitatively different optimality possibilities were found to be capable of coexistence. Cases that allow a priori selection and require computation of both optimality candidates' present values were identified.

Research, Usage, Pollution, Mathematical optimization, Optimization theory

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Oligopoly equilibria in non-renewable resource markets

Article Abstract:

Research exploring models of oligopoly of non-renewable resources is presented, with focus on economic depletion and feedback equilibria. Particular attention is given to the development of numeric solution schemes for feedback equilibria.

Models, Numerical analysis, Oligopolies

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Optimal forest rotation and land values under a borrowing constraint

Article Abstract:

A forest rotation model based on an assumed perfect capital market is relaxed with a borrowing constraint which results in several economic problems.

Finland, FORESTRY, Forestry and Logging, Statistical Data Included, Evaluation, Finance, Forest products industry, Loan servicing, Forest productivity

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