Renewable resource use: transition from capture to allocation and optimal stock recovery.

The writers attempt to develop a model of optimal harvest path for stock recovery, to explore implementation issues, and to suggest means of addressing typical equity and efficiency concerns in a transition process. The setting of Hotelling is extended for optimal harvest of a nonrenewable resource...

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Bibliographic Details

Published in:	Journal of Environmental Management Vol. 44; pp. 195 - 212
Main Authors:	Merrifield, John, Firoozi, Fathali
Format:	Article
Published:	Academic Press Inc. July 1995
Subjects:	Mathematical models Resource exploitation Externalities Resource allocation > Mathematical models
Online Access:	View this record in EBSCOhost