Data/hora: 11/06/2024 04:46:01

Provedor de dados: | 31
País: | United States
Título: | NONLINEAR DYNAMICS AND ECONOMIC INSTABILITY: THE OPTIMAL MANAGEMENT OF A BIOLOGICAL POPULATION
Autores: | Chavas,   Jean-Paul; Holt,   Matthew T.
Data: | 2003-12-19
Ano: | 1995
Palavras-chave: | Environmental Economics and Policy.
Resumo: | Assuming a competitive market, conditions are determined for when a steady-state equilibrium does not exist in the optimal dynamic management of a biological population. Irregular and unpredictable behavior (called “"chaos"”) can arise from fully rational economic decision making. High interest rate, adjustment costs, and an inelastic demand can contribute to market instability.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

11544

http://purl.umn.edu/30770

Editor: | AgEcon Search
Relação: | Journal of Agricultural and Resource Economics&gt;Volume 20, Number 02, December 1995

Formato:

16

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