publication . Article . Preprint . Other literature type . 1994

ENDANGERED SPECIES AND NATURAL RESOURCE EXPLOITATION: EXTINCTION VS. COEXISTENCE

Tsur, Y.; Amos Zemel;
Open Access
  • Published: 01 Jan 1994 Journal: Natural Resource Modeling, volume 8, pages 389-413 (issn: 0890-8575, Copyright policy)
  • Publisher: Wiley
Abstract
A model of renewable resource exploitation under event uncertainty is formulated. The model is applied to analyze the situation in which excessive water diversion for human needs can lead to the extinction of an animal population. Special attention is given to uncertainty regarding the conditions that lead to extinction. The manner in which the potential benefit foregone due to the species' extinction (the “extinction penalty”) induces more conservative exploitation policies is studied in detail. When the extinction penalty is ignored, the optimal policy is to drive the resource stock to a particular equilibrium level from any initial state. When the extinction ...
Subjects
arXiv: Quantitative Biology::Populations and EvolutionAstrophysics::Galaxy Astrophysics
free text keywords: Resource /Energy Economics and Policy,, Equilibrium level, Renewable resource, Extinction, Endangered species, Economics, Environmental resource management, business.industry, business, Water diversion, Natural resource, Fundamental human needs, Population, education.field_of_study, education, Resource /Energy Economics and Policy
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publication . Article . Preprint . Other literature type . 1994

ENDANGERED SPECIES AND NATURAL RESOURCE EXPLOITATION: EXTINCTION VS. COEXISTENCE

Tsur, Y.; Amos Zemel;