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Herding in ranch operations: an analysis of a search problem

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  • Amitrajeet Batabyal

Abstract

Herding is an integral part of ranch operations in contemporary times. An aspect of herding that has received scant attention in the literature concerns the pros and cons of searching for livestock animals that have wandered away from a pasture and are hence missing from this pasture. Under what circumstances should a rancher search for these missing animals? This paper provides the first theoretical analysis of this question. Specifically, a formal model is constructed and examined that provides conditions under which it makes sense to search for these missing animals and conditions under which it does not.

Suggested Citation

  • Amitrajeet Batabyal, 2003. "Herding in ranch operations: an analysis of a search problem," Applied Economics Letters, Taylor & Francis Journals, vol. 10(3), pages 177-179.
    • Handle: RePEc:taf:apeclt:v:10:y:2003:i:3:p:177-179
    DOI: 10.1080/1350485022000044093
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    References listed on IDEAS

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    1. Amitrajeet A. Batabyal, 2008. "On Flood Occurrence And The Provision Of Safe Drinking Water In Developing Countries," World Scientific Book Chapters, in: Dynamic And Stochastic Approaches To The Environment And Economic Development, chapter 5, pages 79-86, World Scientific Publishing Co. Pte. Ltd..
    2. Amitrajeet Batabyal & Basudeb Biswas & E. Bruce Godfrey, 2001. "The stocking rate versus time in range management: a review of recent theoretical developments," Applied Economics Letters, Taylor & Francis Journals, vol. 8(8), pages 555-559.
    3. Batabyal, Amitrajeet A. & Beladi, Hamid, 2001. "On the optimal management of a class of aquatic ecological-economic systems," European Journal of Operational Research, Elsevier, vol. 132(3), pages 561-568, August.
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    Cited by:

    1. Rohlin, Shawn M. & Batabyal, Amitrajeet A., 2005. "A theoretical perspective on managed rangelands and irreversible states," International Review of Economics & Finance, Elsevier, vol. 14(4), pages 487-494.

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