profit_effort: Define a profit function, price minus cost

In cboettig/pdg_control: Pretty Darn Good Control

Description

Define a profit function, price minus cost

Usage

profit_effort(price = 1, c0 = 0.1, c1 = 0)

Arguments

price	market price (Note, optimal will scrap xT if price is high enough!)
cost_stock_effect	fishing extraction costs (per unit effort)
operating_cost	costs of having a given harvest level (must be less than price)

Value

a function computing profit at effort intensity h_i over possible stock values x_grid, profit(x_grid, h_i)

cboettig/pdg_control documentation built on May 13, 2019, 2:10 p.m.