| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
NONLINEAR DYNAMICS AND ECONOMIC INSTABILITY: THE OPTIMAL MANAGEMENT OF A BIOLOGICAL POPULATION
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| Autores: |
Chavas, Jean-Paul
Holt, Matthew T.
|
| Data: |
2003-12-19
|
| Ano: |
1995
|
| Palavras-chave: |
Environmental Economics and Policy
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| 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.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
11544
http://purl.umn.edu/30770
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| Editor: |
AgEcon Search
|
| Relação: |
Journal of Agricultural and Resource Economics>Volume 20, Number 02, December 1995
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| Formato: |
16
application/pdf
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