Optimal exploitation of renewable resour
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J. Baumeister; A. LeitΓ£o
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Article
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2004
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John Wiley and Sons
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English
β 302 KB
## Abstract We study a model for the exploitation of renewable stocks developed in Clark __et al__. (__Econometrica__ 1979; **47**:25β47). In this particular control problem, the control law contains a measurable and an impulsive control component. We formulate Pontryagin's maximum principle for th