The Dynamics Of Reintroducing, Supplementing And Controlling Endangered Predator Populations
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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- 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.
- Clark, Colin W, 1973. "Profit Maximization and the Extinction of Animal Species," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 950-961, July-Aug..
- Rondeau, Daniel, 2001. "Along the Way Back from the Brink," Journal of Environmental Economics and Management, Elsevier, vol. 42(2), pages 156-182, September.
- Cropper, M. L. & Lee, Dwight R. & Pannu, Sukhraj Singh, 1979. "The optimal extinction of a renewable natural resource," Journal of Environmental Economics and Management, Elsevier, vol. 6(4), pages 341-349, December.
- Russell Davidson & Richard Harris, 1981. "Non-Convexities in Continuous Time Investment Theory," Review of Economic Studies, Oxford University Press, vol. 48(2), pages 235-253.
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