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A Dynamic And Stochastic Perspective On The Role Of Time In Range Management

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Author Info

  • Batabyal, Amitrajeet A.
  • Biswas, Basudeb
  • Godfrey, E. Bruce

Abstract

This chapter uses a new ecological-economic approach to analyze the role of time in range management in a dynamic and stochastic setting. We first construct a theoretical model of a parcel of rangeland in which time restrictions are used to manage the land. We then show how the dynamic and the stochastic properties of this rangeland can be used to construct two managerial objectives that are ecologically and economically meaningful. Finally, using these two objectives, we discuss an approach to range management in which the manager has two interrelated goals. This manager maximizes the profits from range operations and (s)he also takes steps to move the rangeland away from the least desirable state of existence.

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File URL: http://purl.umn.edu/22149
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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2003 Annual meeting, July 27-30, Montreal, Canada with number 22149.

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Date of creation: 2003
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Handle: RePEc:ags:aaea03:22149

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Related research

Keywords: Land Economics/Use; Research Methods/ Statistical Methods;

References

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  1. Charles Perrings, 1998. "Resilience in the Dynamics of Economy-Environment Systems," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(3), pages 503-520, April.
  2. Batabyal, Amitrajeet A., 1998. "The concept of resilience: retrospect and prospect," Environment and Development Economics, Cambridge University Press, vol. 3(02), pages 221-262, May.
  3. Coomes, Oliver T. & Grimard, Franque & Burt, Graeme J., 2000. "Tropical forests and shifting cultivation: secondary forest fallow dynamics among traditional farmers of the Peruvian Amazon," Ecological Economics, Elsevier, vol. 32(1), pages 109-124, January.
  4. McCluskey, Jill J. & Rausser, Gordon C., 1999. "Federal Grazing Reform And Avoidable Risk," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(01), July.
  5. Karpoff, Jonathan M, 1987. "Suboptimal Controls in Common Resource Management: The Case of the Fishery," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 179-94, February.
  6. Batabyal, Amitrajeet A. & Beladi, Hamid, 2004. "Time restrictions in natural resource management: A dynamic and stochastic analysis," European Journal of Operational Research, Elsevier, vol. 157(3), pages 775-783, September.
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Cited by:
  1. Amit Batabyal, . "An interdisciplinary research agenda for the study of ecological-economic systems in the American West," Working Papers 2000-13, Utah State University, Department of Economics.

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