Abstract
This paper addresses the following hitherto unstudied question in renewable resource management: How should a resource manager set the temporal control optimally for renewable resources such as rangelands and fisheries that are managed with spatial and temporal controls? We use a dynamic and stochastic framework to first derive the resource manager’s long run average net cost function. We then demonstrate how the temporal control can be chosen to minimize this objective function.
Publication Date
10-2002
Document Type
Article
Department, Program, or Center
Department of Economics (CLA)
Recommended Citation
Batabyal, A. & Beladi, H. Stochastic Environmental Research and Risk Assessment (2002) 16: 325. https://doi.org/10.1007/s00477-002-0102-8
Campus
RIT – Main Campus
Comments
This is the pre-print of a paper published by Springer. The final publication is available at link.springer.com via https://doi.org/10.1007/s00477-002-0102-8
© Springer-Verlag Berlin Heidelberg 2002
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