Title: Using Optimal Control to Characterize the Economic and Ecological Implications of Spatial Externalities
Abstract: This study uses optimal control theory to examine the dynamic features of agricultural landscapes characterized by spatial externalites. A stylized system of agricultural production and groundwater flow is used to illustrate how spatial externalities affect land use decisions over time. Policy alternatives are also considered.
Publication Year: 2001
Publication Date: 2001-01-01
Language: en
Type: preprint
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