A matter of time: Discrete versus continuous time in bioeconomic models

Type/nr A09/23
Skrevet av Sturla F. Kvamsdal
In the context of bioeconomic modeling, I discuss issues related to the use of discrete and continuous time. Using discrete or continuous time for a given modeling problem is not necessarily a matter of preference, but has methodological consequences that should be observed. These include differences in dynamic behavior and the construction of corresponding models for transfer, between models of different type, of functional forms, parameter values, or results. Further, I discuss properties of quota advice based upon a continuous time model.
Språk Skrevet på engelsk