Optimal management of a renewable resource utilized by a population with taxation as a control variable∗
نویسندگان
چکیده
Abstract. A dynamical model is proposed and analyzed to discuss the effect of population on a resource biomass by taking into account the crowding effect. It is assumed that the resource biomass, which has commercial importance, is subjected to harvesting. The harvesting effort is assumed to be a dynamical variable and taxation is being used as a control variable. The optimal harvesting policy is discussed using the Pontryagin’s maximum principle.
منابع مشابه
Modelling the Dynamics of a Renewable Resource under Harvesting with Taxation as a Control Variable
The present paper describes a model of resource biomass and population with a non-linear catch rate function on resource biomass. The harvesting effort is assumed to be a dynamical variable. Tax on per unit harvested resource biomass is used as a tool to control exploitation of the resource. Pontryagin’s Maximum Principle is used to find the optimal control to maintain the resource biomass and ...
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