Uncertainty in Bioeconomic Modelling

Linda Nøstbakken and Jon M. Conrad ()
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Jon M. Conrad: Cornell University

Chapter Chapter 12 in Handbook Of Operations Research In Natural Resources, 2007, pp 217-235 from Springer

Abstract: This chapter reviews the large body of literature dealing with uncertainty in bioeconomic modelling of fisheries. The purpose is to provide an overview of some of the main developments in the field since its introduction in the early 1970s. We start by giving a detailed presentation of two fairly general stochastic bioeconomic models, one in continuous time and another in discrete time. These models serve as benchmarks for the other studies we discuss. This chapter then provides an overview of some of the achievements and issues that have been dealt with using stochastic bioeconomic models.

Keywords: Marine Reserve; Harvest Rate; Stock Size; Optimal Harvest; Bioeconomic Model (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1007/978-0-387-71815-6_12

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