Optimal Exploitation of a Biomass Confronted with the Threat of Collapse

E.S. Amundsen and T. Bjorndal

Norway; Department of Economics, University of Bergen from Department of Economics, University of Bergen

Abstract: This paper examines how to harvest a biomass exposed to a potential collapse at an uncertain date. A specific recovery effect is identified which may be positive or negative. In general, the effect on the optimal biomass is indeterminate and depends upon the failure rate, the expected collapse, and the function relating the extent of the collapse to the size of the precollapse shock.

Keywords: ENVIRONMENT; BIOMASS (search for similar items in EconPapers)
JEL-codes: Q20 Q22 (search for similar items in EconPapers)
Pages: 18 pages
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (6)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:bereco:193

Access Statistics for this paper

More papers in Norway; Department of Economics, University of Bergen from Department of Economics, University of Bergen Department of Economics, University of Bergen Fosswinckels Gate 6. N-5007 Bergen, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().