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Title of Journal: Econ Theory

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Abbravation: Economic Theory

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Springer-Verlag

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10.1002/2015JB012579

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1432-0479

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The optimal harvesting problem with a land market

Authors: Adriana Piazza
Publish Date: 2008/04/15
Volume: 40, Issue: 1, Pages: 113-138
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Abstract

We study the asymptotic behavior of the optimal harvesting policies for a multiple species forest with a land market ie any fraction of the land can be traded at any time stage We prove the existence of sustainable states and we discuss the conditions under which any optimal trajectory converges in the long run towards one of these states or towards the set of optimal periodic cycles We also discuss briefly a more general problem that includes costs of converting land between the different species

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