A dynamic model is developed to analyze the reintroduction of endangered predators. Non-convexities and the conditions under which reintroduction is sub-optimal are studied. Following reintroduction, costly population control should be initiated before marginal animals impose net costs, providing an economic interpretation to changes in the sign of the shadow price.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1998 Annual meeting, August 2-5, Salt Lake City, UT with number
20812.
Length: Date of creation: 1998 Date of revision: Handle: RePEc:ags:aaea98:20812
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