๐”– Bobbio Scriptorium
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Economics of harvesting a renewable resource

โœ Scribed by J.J. Colbert; G.W. Swan


Book ID
116028304
Publisher
Elsevier Science
Year
1975
Tongue
English
Weight
533 KB
Volume
25
Category
Article
ISSN
0025-5564

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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