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Uncertainty in Bioeconomic Modelling

In: Handbook Of Operations Research In Natural Resources

Author

Listed:
  • Linda Nøstbakken

    (Centre for Fisheries Economics NHH/SNF)

  • Jon M. Conrad

    (Cornell University)

Abstract

This chapter reviews the large body of literature dealing with uncertainty in bioeconomic modelling of fisheries. The purpose is to provide an overview of some of the main developments in the field since its introduction in the early 1970s. We start by giving a detailed presentation of two fairly general stochastic bioeconomic models, one in continuous time and another in discrete time. These models serve as benchmarks for the other studies we discuss. This chapter then provides an overview of some of the achievements and issues that have been dealt with using stochastic bioeconomic models.

Suggested Citation

  • Linda Nøstbakken & Jon M. Conrad, 2007. "Uncertainty in Bioeconomic Modelling," International Series in Operations Research & Management Science, in: Andres Weintraub & Carlos Romero & Trond Bjørndal & Rafael Epstein & Jaime Miranda (ed.), Handbook Of Operations Research In Natural Resources, chapter 0, pages 217-235, Springer.
  • Handle: RePEc:spr:isochp:978-0-387-71815-6_12
    DOI: 10.1007/978-0-387-71815-6_12
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    Cited by:

    1. Donovan, Pierce & Springborn, Michael, 2022. "Balancing conservation and commerce: A shadow value viability approach for governing bycatch," Journal of Environmental Economics and Management, Elsevier, vol. 114(C).
    2. Vincent Martinet & Michel de Lara & Julio Peña-Torres & Héctor Ramírez Cabrera, 2012. "Risk and Sustainability: Assessing Fisheries Management Strategies," Working Papers hal-04141121, HAL.
    3. Noack,Frederik & Wunder,Sven & Angelsen,Arild & Börner,Jan, 2015. "Responses to weather and climate : a cross-section analysis of rural incomes," Policy Research Working Paper Series 7478, The World Bank.
    4. Vincent Martinet & Julio Peña-Torres & Michel Lara & Hector Ramírez C., 2016. "Risk and Sustainability: Assessing Fishery Management Strategies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 683-707, August.

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