Showing 1 - 10 of 129
Persistent link: https://www.econbiz.de/10010585564
We consider Arrow's model for an economy engaged in consuming a randomly distributed natural resource, and in exploring previously unexplored land to find more of the resource. After modifying the model so that each discovery reveals a random amount of the resource, we use dynamic programming...
Persistent link: https://www.econbiz.de/10009279089
Persistent link: https://www.econbiz.de/10014430753
Persistent link: https://www.econbiz.de/10008688763
Persistent link: https://www.econbiz.de/10011445271
Persistent link: https://www.econbiz.de/10011865120
Persistent link: https://www.econbiz.de/10011624260
Persistent link: https://www.econbiz.de/10011644489
Persistent link: https://www.econbiz.de/10011630905
Persistent link: https://www.econbiz.de/10011844978