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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- Davidson, Russell & Harris, Richard, 1981. "Non-Convexities in Continuous-Time Investment Theory," Review of Economic Studies, Wiley Blackwell, vol. 48(2), pages 235-53, April.
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