A renewable resources paradox?
β Scribed by Christian V. Stevens
- Publisher
- Wiley (John Wiley & Sons)
- Year
- 2009
- Tongue
- English
- Weight
- 105 KB
- Volume
- 3
- Category
- Article
- ISSN
- 1932-104X
- DOI
- 10.1002/bbb.185
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
The problem of determining optimal harvest rates of renewable resources are mostly related to stock dynamics which depend on the stock size itself, the harvest rate, and some exogenous impacts. In this paper the latter ones are given by pollution due to the production of some good which is "essentia
This paper presents a theory of harvesting that allows for partial harvests and accounts for the risk of extinction, for biological assets with size-dependent stochastic growth. The harvesting decision is formulated as a disinvestment problem in continuous time and generalized Faustmann formulas are
Italic entries indicate references to a figure, bold entries indicate references to a table.