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Natural Resource Management, the Steady State, and Approximately Optimal Decision Rules

Oscar R. Burt and Ronald G. Cummings

Land Economics, 1977, vol. 53, issue 1, 1-22

Abstract: A dynamic optimatization model incorporating interrelationships among soil loss, topsoil depth, net farm income, and technological progress is developed. The model provides optimal values of soil loss and soil depth which maximize the stream of net farm ...

Date: 1977
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