economic regulation

Dynamic regulations in non –renewable resources oligopolistic markets, In common with G. Papageorgiou. MPRA Paper 24774, University Library of Munich, Germany. 2010

Traditional economic theory, up to the middle of the twentieth century, builds up the production functions regardless the inputs’ scarcity. In the last few decades has been clear that both the inputs are depletable quantities and a lot of constraints are imposed in their usage in order to ensure economic sustainability. Furthermore, the management of exploitation and use of natural resources (either exhaustible or renewable) has been discussed by analyzing dynamic models applying methods of Optimal Control Theory.