profit_harvest: Define a profit function, price minus cost

Description Usage Arguments Value

Description

Define a profit function, price minus cost

Usage

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

Arguments

price

market price (Note, optimal will scrap xT if price is high enough!)

c0

Cost, linear with effort (cost = (c0 + c1*E)*E

c1

Cost, quadratic with effort (cost = (c0 + c1*E)*E

Value

a function computing profit at harvest 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.