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YLE16 Dynamic models

YLE16 Dynamic models. Today. Resource economics examples(YLE5 & YLE13) Schäfer-Gordon –model (when r=0) (bioekonomiaopt.m) Clark-Munro –model (bioekodyn.m & dynoptfkt.m). Dynamic bioeconomic model. max biology: logistinen.m constant E (SG): bioekonomiaopt.m dynamic E: bioekodyn.m

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YLE16 Dynamic models

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  1. YLE16 Dynamic models

  2. Today • Resource economics examples(YLE5 & YLE13) • Schäfer-Gordon –model (when r=0) (bioekonomiaopt.m) • Clark-Munro –model (bioekodyn.m & dynoptfkt.m)

  3. Dynamic bioeconomic model • max • biology: logistinen.m • constant E (SG): bioekonomiaopt.m • dynamic E: bioekodyn.m • constraint and objective function in same m-file s.t. x­t+1 - xt = F(xt) – ht

  4. How to simulate dynamics • Starting value is the biomass known at present period x(1) • Next period’s biomass will be saved in the same vector x(2) • Simulation period T, x-vector will contain values x(1), x(2), ..., x(T)

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