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Optimal management of renewable resources with growing demand and stock externalities

✍ Scribed by Peter Berck

Book ID
116089636
Publisher
Elsevier Science
Year
1981
Tongue
English
Weight
826 KB
Volume
8
Category
Article
ISSN
0095-0696

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## Two methods for obtaining economic optimality in renewable resource exploitation are examined. The issue of biological optimality (conservation of the resource base) is also examined. In the first part of the article, the effectiveness of two realistic harvesting strategies are examined when ma