Using Numerical Dynamic Programming to Compare Passive and Active Learning in the Adaptive Management of Nutrients in Shallow Lakes

• Published in: Canadian journal of agricultural economics Vol. 57; no. 4; pp. 555 - 573
• Main Authors: Bond, Craig A., Loomis, John B.
• Format: Journal Article
• Language: English
• Published: Malden, USA Blackwell Publishing Inc 01.12.2009; Agricultural Institute of Canada
• Subjects: Agricultural economics; Comparative analysis; Dynamic programming; Economic models; Ecosystems; Environmental management; Experimentation; Lakes; Learning; Nutrients; Phosphorus; Problem solving; Simulation; Studies; Uncertainty; British Isles, England, Avon

This paper illustrates the use of dual/adaptive control methods to compare passive and active adaptive management decisions in the context of an ecosystem with a threshold effect. Using discrete‐time dynamic programming techniques, we model optimal phosphorus loadings under both uncertainty about na...