• Irreversible Investments Revisited 

      Sandal, Leif Kristoffer; Steinshamn, Stein Ivar (Discussion paper, Working paper, 2006-07)
      A non-linear dynamic model in two state variables, two controls and three cost terms is presented for the purpose of finding the optimal combination of exploitation and capital investment in optimal renewable resource ...
    • Optimal population and capital dynamics in fisheries with irreversible investments 

      Sandal, Leif Kristoffer; Steinshamn, Stein Ivar; Hoff, Ayoe (Working paper, Working paper, 2007-06)
      A multi-dimensional, non-linear dynamic model in continuous time is presented for the purpose of finding the optimal combination of exploitation and capital investment in optimal renewable resource management. Non-malleability ...