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Sustainability and resourcestheoreti...

Majumdar, Mukul, (1944-)

Sustainability and resourcestheoretical issues in dynamic economics /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Sustainability and resourcesMukul Majumdar.
Reminder of title:	theoretical issues in dynamic economics /
Author:	Majumdar, Mukul,
Published:	Singapore :World Scientific,c2020.
Description:	1 online resource (332 p.)
Subject:	Renewable natural resources.
Online resource:	https://www.worldscientific.com/worldscibooks/10.1142/11548#t=toc
ISBN:	9789811210211$q(ebook)

Sustainability and resourcestheoretical issues in dynamic economics /
Majumdar, Mukul,1944-

Sustainability and resourcestheoretical issues in dynamic economics /[electronic resource] :Mukul Majumdar. - 1st ed. - Singapore :World Scientific,c2020. - 1 online resource (332 p.)

Includes bibliographical references and index.

Introduction -- Evolution, extinction and sustainability -- Optimal harvesting: finite horizon -- Rolling plans: efficiency and long-run optimality -- Infinite horizon models: discounting and sustainability -- Profit maximization and extinction -- Utilization of an exhaustible resource: a partial equilibrium approach -- Production with an exhaustible resource: efficiency and intergenerational equity -- A Cobb-Douglas economy -- Technological transition: an optimistic approach -- Evolution and extinction under uncertainty -- Sustainable consumption and uncertainty -- Mathematical preliminaries.

"The book, Sustainability and Resources: Theoretical Issues in Dynamic Economics, presents a collection of mathematical models dealing with sustainability and resource management. The focus in Part A is on harvesting renewable resources, while Part B explores the optimal extraction of exhaustible resources. Part C introduces models dealing with uncertainty. Some are descriptive models; others have deep roots in intertemporal welfare economics. The tools of dynamic optimization developed in the 1960s are used in a formal, rigorous presentation to address wide-ranging issues that have appeared in academic research as well as policy debates on the world stage. The book also provides a self-contained treatment that is accessible to advanced undergraduate and graduate students, who are interested in dynamic models of resource allocation and social welfare, resource management, and applications of optimization theory and methods of probability theory to economics. For researchers in dynamic economics, it will be an invaluable source for formal treatment of substantive macroeconomic issues raised by policymakers. The part dealing with uncertainty and random dynamical systems (largely developed by the author and his collaborators) exposes the reader to contemporary frontiers of research on stochastic processes with novel applications to economic problems"--Publisher's website.

Mode of access: World Wide Web.

ISBN: 9789811210211$q(ebook)Subjects--Topical Terms:

263213
Renewable natural resources.

LC Class. No.: HC85 / .M34 2020

Dewey Class. No.: 333.7

Sustainability and resourcestheoretical issues in dynamic economics /
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020 $z 9789811210204$q(hbk.)
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040 $a WSPC $b eng $c WSPC
050 0 0 $a HC85 $b .M34 2020
082 0 0 $a 333.7 $2 23
100 1 $a Majumdar, Mukul, $d 1944- $3 265307
245 1 0 $a Sustainability and resources $h [electronic resource] : $b theoretical issues in dynamic economics / $c Mukul Majumdar.
250 $a 1st ed.
260 $a Singapore : $b World Scientific, $c c2020.
300 $a 1 online resource (332 p.)
504 $a Includes bibliographical references and index.
505 0 $a Introduction -- Evolution, extinction and sustainability -- Optimal harvesting: finite horizon -- Rolling plans: efficiency and long-run optimality -- Infinite horizon models: discounting and sustainability -- Profit maximization and extinction -- Utilization of an exhaustible resource: a partial equilibrium approach -- Production with an exhaustible resource: efficiency and intergenerational equity -- A Cobb-Douglas economy -- Technological transition: an optimistic approach -- Evolution and extinction under uncertainty -- Sustainable consumption and uncertainty -- Mathematical preliminaries.
520 $a "The book, Sustainability and Resources: Theoretical Issues in Dynamic Economics, presents a collection of mathematical models dealing with sustainability and resource management. The focus in Part A is on harvesting renewable resources, while Part B explores the optimal extraction of exhaustible resources. Part C introduces models dealing with uncertainty. Some are descriptive models; others have deep roots in intertemporal welfare economics. The tools of dynamic optimization developed in the 1960s are used in a formal, rigorous presentation to address wide-ranging issues that have appeared in academic research as well as policy debates on the world stage. The book also provides a self-contained treatment that is accessible to advanced undergraduate and graduate students, who are interested in dynamic models of resource allocation and social welfare, resource management, and applications of optimization theory and methods of probability theory to economics. For researchers in dynamic economics, it will be an invaluable source for formal treatment of substantive macroeconomic issues raised by policymakers. The part dealing with uncertainty and random dynamical systems (largely developed by the author and his collaborators) exposes the reader to contemporary frontiers of research on stochastic processes with novel applications to economic problems"--Publisher's website.
538 $a Mode of access: World Wide Web.
538 $a System requirements: Adobe Acrobat reader.
588 $a Description based on print version record.
650 0 $a Renewable natural resources. $3 263213
650 0 $a Nonrenewable natural resources. $3 561052
650 0 $a Sustainable development. $3 177699
856 4 0 $u https://www.worldscientific.com/worldscibooks/10.1142/11548#t=toc