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Regime Shifts in Resource Management

Author

Listed:
  • Aart de Zeeuw

    (Tilburg Sustainability Center, Department of Economics, Tilburg University, 5000 LE Tilburg, The Netherlands)

Abstract

Resource management has to take account of the possibility of tipping points and regime shifts in ecological systems that provide the resources. This article focuses on the typical model of regime shifts in the ecological literature and analyzes optimal management and common-property issues when trade-offs occur between the loss of ecosystem services and the benefits of the activities that may lead to a regime shift. Regime shifts are uncertain. This article also analyzes optimal management in the case of a potential future regime shift. Research on regime shifts is rapidly developing, and the issue is studied from many different angles. This article is restricted to some standard economic analyses, but in the presence of regime shifts. It focuses on examples like lakes, fisheries, and climate change but provides a framework of analysis that can be used for many environmental issues facing us today.

Suggested Citation

  • Aart de Zeeuw, 2014. "Regime Shifts in Resource Management," Annual Review of Resource Economics, Annual Reviews, vol. 6(1), pages 85-104, October.
    • Handle: RePEc:anr:reseco:v:6:y:2014:p:85-104
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-100913-012405
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    Citations

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    Cited by:

    1. Galaz, V. & de Zeeuw, Aart & Shiroyama, Hideaki & Tripley, Debbie, 2016. "Planetary boundaries : Governing emerging risks and opportunities," Other publications TiSEM 0aebe291-f890-4a2d-9ab7-d, Tilburg University, School of Economics and Management.
    2. Dmitry Gromov & Thorsten Upmann, 2021. "Dynamics and Economics of Shallow Lakes: A Survey," Sustainability, MDPI, vol. 13(24), pages 1-16, December.
    3. Encarna Esteban & Elena Calvo & Jose Albiac, 2021. "Ecosystem Shifts: Implications for Groundwater Management," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 483-510, July.
    4. Stahn, Hubert & Tomini, Agnes, 2021. "Externality and common-pool resources: The case of artesian aquifers," Journal of Environmental Economics and Management, Elsevier, vol. 109(C).
    5. Chuan-Zhong Li & Sebastian Villasante & Xueqin Zhu, 2016. "Regime Shifts and Resilience in Fisheries Management: A Case Study of the Argentinean Hake fishery," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(3), pages 623-637, November.

    More about this item

    Keywords

    regime shifts; tipping points; lakes; fisheries; climate change;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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