Optimality of Impulse Harvesting Policies
type: Dataset
description: We explore the link between cyclical and smooth resource exploitation. We define an impulse control framework which can generate both cyclical solutions and steady state solutions. For the cyclical solution, we establish a link with the discrete-time model by Dawid and Kopel (1997). For the steady state solution, we explore the relation to Clark's (1976) continuous control model. Our model can admit convex and concave profit functions and allows the integration of different stock dependent cost functions. We show that the strict convexity of the profit function is only a special case of a more general condition, related to submodularity, that ensures the existence of optimal cyclical policies.
landing page: https://inria.hal.science/hal-00864187
identifier: Report N°: 13031
keyword: impulse-control
keyword: infoeu-reposemanticsreport
keyword: jel-q---agricultural-and-natural-resource-economics--environmental-and-ecological-economicsqq2--
keyword: optimal-control
keyword: renewable-resource-economics
keyword: reports
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
keyword: submodularity
issued: 2026-05-09T16:17:25.470617
modified: 2026-05-09T16:17:25.470623
language: en
contact point: Organization
  fn: CCSD

test_moissonnage_selune
type: Agent

Optimality of Impulse Harvesting Policies
type: Distribution
format: HTML
access URL: https://inria.hal.science/hal-00864187
issued: 2026-05-09T16:17:25.475879
modified: 2026-05-09T16:17:25.462360