{ "cells": [ { "cell_type": "markdown", "metadata": {}, "source": [ "# Timber Harvesting Model - Cubic Spline Approximation\n", "\n", "**Randall Romero Aguilar, PhD**\n", "\n", "This demo is based on the original Matlab demo accompanying the Computational Economics and Finance 2001 textbook by Mario Miranda and Paul Fackler.\n", "\n", "Original (Matlab) CompEcon file: **demdp01.m**\n", "\n", "Running this file requires the Python version of CompEcon. This can be installed with pip by running\n", "\n", " !pip install compecon --upgrade\n", "\n", "Last updated: 2022-Oct-22\n", "
\n", " | biomass | \n", "value | \n", "resid | \n", "j* | \n", "value[keep] | \n", "value[clear-cut] | \n", "
---|---|---|---|---|---|---|
biomass | \n", "\n", " | \n", " | \n", " | \n", " | \n", " | \n", " |
0.000000 | \n", "0.000000 | \n", "0.067287 | \n", "-1.387779e-17 | \n", "keep | \n", "0.067287 | \n", "-0.132713 | \n", "
0.000250 | \n", "0.000250 | \n", "0.067320 | \n", "-7.491474e-09 | \n", "keep | \n", "0.067320 | \n", "-0.132462 | \n", "
0.000500 | \n", "0.000500 | \n", "0.067353 | \n", "-5.953236e-09 | \n", "keep | \n", "0.067353 | \n", "-0.132212 | \n", "
0.000750 | \n", "0.000750 | \n", "0.067387 | \n", "-1.332984e-09 | \n", "keep | \n", "0.067387 | \n", "-0.131962 | \n", "
0.001001 | \n", "0.001001 | \n", "0.067420 | \n", "7.309628e-10 | \n", "keep | \n", "0.067420 | \n", "-0.131712 | \n", "