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Time to Switch: Different regimes and competitive management of natural resources

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dc.contributor Marín Solano, Jesús
dc.contributor Navas, Jorge
dc.creator Mañó Cabello, Carles
dc.date 2018-10-23T08:55:31Z
dc.date 2018-10-23T08:55:31Z
dc.date 2018
dc.date.accessioned 2024-12-16T10:26:56Z
dc.date.available 2024-12-16T10:26:56Z
dc.identifier http://hdl.handle.net/2445/125514
dc.identifier.uri http://fima-docencia.ub.edu:8080/xmlui/handle/123456789/21658
dc.description Treballs Finals del Màster d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2017-2018, Tutors : Jesús Marín Solano ; Jorge Navas
dc.description The right management of the resources has become one of the hottest topics in the social debate. In order to give some insights on how to manage them correctly, we have extended a switching natural resources model. A Piecewise Closed-loop Nash Equilibrium differential game is studied, where agents decide the amount of the resource they extract and when to switch to a new and more efficient technology. We investigate different models introducing a renewable resource and then, they are extended under a more general utility function. Interior solutions are analysed. Our results are simulated, and a sensitivity analysis is performed to identify the effect of the renewable resource and the constant elasticity of substitution on the relevant variables of the model.
dc.format 40 p.
dc.format application/pdf
dc.language eng
dc.rights cc-by-nc-nd (c) Mañó Cabello, 2018
dc.rights http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights info:eu-repo/semantics/openAccess
dc.source Màster Oficial - Economia
dc.subject Energies renovables
dc.subject Teoria de la commutació
dc.subject Processos de Markov
dc.subject Jocs diferencials
dc.subject Treballs de fi de màster
dc.subject Renewable energy sources
dc.subject Switching theory
dc.subject Markov processes
dc.subject Differential games
dc.subject Master's theses
dc.title Time to Switch: Different regimes and competitive management of natural resources
dc.type info:eu-repo/semantics/masterThesis


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