Sustainable use of renewable resources, Chapter 2.1
AbstractWe consider here optimal use patterns for renewable resources and address the problem of optimal use of renewable resources under a variety of assumptions both about the nature of the economy in which these resources are embedded and about the objective of that economy. Although we focus here on the technical economic issues of defining and characterizing paths which are optimal in various senses, in the presence of renewable resources, one should not loose sight of the very real motivation underlying these exercises: many of the earth's most important biological and ecological resources are renewable, so that in their management we confront the fundamental choice which underlies this paper, namely their extinction, or their preservation as viable species.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8815.
Date of creation: 1998
Date of revision:
renewable resources; sustainability; optimization; mathematical modeling; sustainable development; policy;
Find related papers by JEL classification:
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
- Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
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