Procreation, Fishing, and Hunting: Renewable Resources and Dynamic Planar Systems

Marc Nerlove

American Journal of Agricultural Economics, 1993, vol. 75, issue 1, 59-71

Abstract: Many problems in the economics of renewable resources can be put in the form of a dynamic planar system. This paper provides analytic and graphical methods for the study of the global dynamics, existence of stationary points, and local stability properties of such systems, and applies these methods to problems of (1) population and environmental quality; (2) exploitation of a stock of fish; and (3) the economics of the pleistocene extinctions and the origins of agriculture.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:75:y:1993:i:1:p:59-71.

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