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Regime switching in a fishery with stochastic stock and price

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  • Nostbakken, Linda

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File URL: http://www.sciencedirect.com/science/article/B6WJ6-4HC6KN8-1/2/fe06af441315ff42252a9c57c68ab280
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Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 51 (2006)
Issue (Month): 2 (March)
Pages: 231-241

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Handle: RePEc:eee:jeeman:v:51:y:2006:i:2:p:231-241

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Web page: http://www.elsevier.com/locate/inca/622870

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References

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  1. Dixit, Avinash K, 1989. "Entry and Exit Decisions under Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 620-38, June.
  2. Harry R Clarke & William J. Reed, 1989. "The Tree-Cutting Problem in a Stochastic Environment: The case of Age Dependent Growth," Working Papers 1989.01 EDIRC Provider-In, School of Economics, La Trobe University.
  3. Clark, Colin W & Clarke, Frank H & Munro, Gordon R, 1979. "The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment," Econometrica, Econometric Society, vol. 47(1), pages 25-47, January.
  4. Brennan, Michael J & Schwartz, Eduardo S, 1985. "Evaluating Natural Resource Investments," The Journal of Business, University of Chicago Press, vol. 58(2), pages 135-57, April.
  5. Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
  6. Kenneth L. Judd, 1998. "Numerical Methods in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262100711, December.
  7. Reed, William J & Clarke, Harry R, 1990. "Harvest Decisions and Asset Valuation for Biological Resources Exhibiting Size-Dependent Stochastic Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(1), pages 147-69, February.
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Citations

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Cited by:
  1. Robinson, Elizabeth J.Z. & Lokina, Razack B., 2011. "A spatial-temporal analysis of the impact of access restrictions on forest landscapes and household welfare in Tanzania," Forest Policy and Economics, Elsevier, vol. 13(1), pages 79-85, January.
  2. Vincent Martinet & Michel De Lara & Julio Peña-Torres & Héctor Ramírez Cabrera, 2012. "Risk and Sustainability: Assessing Fisheries Management Strategies," EconomiX Working Papers 2012-11, University of Paris West - Nanterre la Défense, EconomiX.
  3. Dumortier, Jerome, 2012. "Welfare changes associated with forest carbon offset credits in the United States," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124632, Agricultural and Applied Economics Association.
  4. Erdlenbruch, Katrin & Tidball, Mabel & van Soest, Daan, 2008. "Renewable resource management, user heterogeneity, and the scope for cooperation," Ecological Economics, Elsevier, vol. 64(3), pages 597-602, January.
  5. Schmit, Todd M. & Luo, Jianchuan & Conrad, Jon M., 2010. "Estimating the Influence of Ethanol Policy on Plant Investment Decisions: A Real Options Analysis with Two Stochastic Variables," Working Papers 126963, Cornell University, Department of Applied Economics and Management.
  6. Song, Feng & Zhao, Jinhua & Swinton, Scott M., 2009. "Switching to Perennial Energy Crops under Uncertainty and Costly Reversibility," Staff Papers 56195, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  7. Robinson, Elizabeth J.Z. & Lokina, Razack, 2009. "Spatial Aspects of Forest Management and Non-Timber Forest Product Extraction in Tanzania," Discussion Papers dp-09-07-efd, Resources For the Future.
  8. Poudel, Diwakar & Sandal, Leif K. & Kvamsdal, Sturla F., 2012. "Analyzing Risk of Stock Collapse in a Fishery under Stochastic Profit Maximization," Discussion Papers 2012/4, Department of Business and Management Science, Norwegian School of Economics.
  9. Albers, H.J. & Robinson, E.J.Z., 2013. "A review of the spatial economics of non-timber forest product extraction: Implications for policy," Ecological Economics, Elsevier, vol. 92(C), pages 87-95.
  10. Michael Finus & Raoul Schneider & Pedro Pintassilgo, 2011. "The Incentive Structure of Impure Public Good Provision – The Case of International Fisheries," Discussion Papers 1103, Exeter University, Department of Economics.
  11. Sarkar, Sudipto, 2009. "Optimal fishery harvesting rules under uncertainty," Resource and Energy Economics, Elsevier, vol. 31(4), pages 272-286, November.

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