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Harvesting and conserving a species when numbers are low: population viability and gambler's ruin in bioeconomic models

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  • Bulte, Erwin H.
  • van Kooten, G. Cornelis

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  • Bulte, Erwin H. & van Kooten, G. Cornelis, 2001. "Harvesting and conserving a species when numbers are low: population viability and gambler's ruin in bioeconomic models," Ecological Economics, Elsevier, vol. 37(1), pages 87-100, April.
  • Handle: RePEc:eee:ecolec:v:37:y:2001:i:1:p:87-100
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    1. Farrow, Scott, 1995. "Extinction and market forces: two case studies," Ecological Economics, Elsevier, vol. 13(2), pages 115-123, May.
    2. Reed, William J., 1979. "Optimal escapement levels in stochastic and deterministic harvesting models," Journal of Environmental Economics and Management, Elsevier, vol. 6(4), pages 350-363, December.
    3. Carl-Erik Schulz, 1996. "Trade policy and ecology," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 8(1), pages 15-38, July.
    4. Michael C. Farmer & Alan Randall, 1998. "The Rationality of a Safe Minimum Standard," Land Economics, University of Wisconsin Press, vol. 74(3), pages 287-302.
    5. Robert S. Pindyck, 1984. "Uncertainty in the Theory of Renewable Resource Markets," Review of Economic Studies, Oxford University Press, vol. 51(2), pages 289-303.
    6. Boyce John R., 1995. "Optimal Capital Accumulation in a Fishery: A Nonlinear Irreversible Investment Model," Journal of Environmental Economics and Management, Elsevier, vol. 28(3), pages 324-339, May.
    7. Swanson, Timothy M, 1994. "The Economics of Extinction Revisited and Revised: A Generalised Framework for the Analysis of the Problems of Endangered Species and Biodiversity Losses," Oxford Economic Papers, Oxford University Press, vol. 46(0), pages 800-821, Supplemen.
    8. Erwin Bulte & G. van Kooten, 1999. "Marginal Valuation of Charismatic Species: Implications for Conservation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(1), pages 119-130, July.
    9. Bulte, Erwin H. & van Kooten, G. Cornelis, 1999. "Metapopulation dynamics and stochastic bioeconomic modeling," Ecological Economics, Elsevier, vol. 30(2), pages 293-299, August.
    10. Michael A. Toman, 1994. "Economics and "Sustainability": Balancing Trade-Offs and Imperatives," Land Economics, University of Wisconsin Press, vol. 70(4), pages 399-413.
    11. Cropper, M. L., 1988. "A note on the extinction of renewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 64-70, March.
    12. Robert P. Berrens & David S. Brookshire & Michael McKee & Christian Schmidt, 1998. "Implementing the Safe Minimum Standard Approach: Two Case Studies from the U.S. Endangered Species Act," Land Economics, University of Wisconsin Press, vol. 74(2), pages 147-161.
    13. J. Olsen & James Shortle, 1996. "The optimal control of emissions and renewable resource harvesting under uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 7(2), pages 97-115, March.
    14. Jason Shogren, 1998. "A Political Economy in an Ecological Web," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 557-570, April.
    15. Clark, Colin W & Clarke, Frank H & Munro, Gordon R, 1979. "The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment," Econometrica, Econometric Society, vol. 47(1), pages 25-47, January.
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    Cited by:

    1. Richter, Andries & Dakos, Vasilis, 2015. "Profit fluctuations signal eroding resilience of natural resources," Ecological Economics, Elsevier, vol. 117(C), pages 12-21.
    2. Eiswerth, Mark E. & van Kooten, G. Cornelis, 2009. "The ghost of extinction: Preservation values and minimum viable population in wildlife models," Ecological Economics, Elsevier, vol. 68(7), pages 2129-2136, May.
    3. Nghiem, Nhung, 2014. "Optimal rotation age for carbon sequestration and biodiversity conservation in Vietnam," Forest Policy and Economics, Elsevier, vol. 38(C), pages 56-64.
    4. Greenville, Jared W. & MacAulay, T. Gordon, 2006. "Protected areas in fisheries: a two-patch, two-species model," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(2), June.
    5. Jared Greenville & T. Gordon MacAulay, 2006. "Protected areas in fisheries: a two-patch, two-species model ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(2), pages 207-226, June.
    6. Freitas, Luiz & Wagner, Jeffrey, 2009. "The uncertain moral context of price changes," Ecological Economics, Elsevier, vol. 68(4), pages 1100-1105, February.
    7. Nguyen, Trung Thanh & Nghiem, Nhung, 2016. "Optimal forest rotation for carbon sequestration and biodiversity conservation by farm income levels," Forest Policy and Economics, Elsevier, vol. 73(C), pages 185-194.
    8. Beynon, Malcolm J. & Munday, Max, 2008. "Considering the effects of imprecision and uncertainty in ecological footprint estimation: An approach in a fuzzy environment," Ecological Economics, Elsevier, vol. 67(3), pages 373-383, October.
    9. Alan Randall, 2014. "Weak sustainability, conservation and precaution," Chapters,in: Handbook of Sustainable Development, chapter 10, pages 160-172 Edward Elgar Publishing.

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