Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales

Most bioeconomic models of efficient renewable resource management are constructed for a single harvesting ground. A bioeconomic model is developed in this paper to study the optimal management of renewable resources that are found in spatially distinct harvesting grounds. The model is applied to Mi...

Full description

Bibliographic Details
Main Authors: Richard Horan, James Shortle
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
minke whale
Online Access:http://hdl.handle.net/10.1023/A:1008261710951
id ftrepec:oai:RePEc:kap:enreec:v:13:y:1999:i:4:p:435-458
record_format openpolar
spelling ftrepec:oai:RePEc:kap:enreec:v:13:y:1999:i:4:p:435-458 2024-04-14T08:14:54+00:00 Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales Richard Horan James Shortle http://hdl.handle.net/10.1023/A:1008261710951 unknown http://hdl.handle.net/10.1023/A:1008261710951 article ftrepec 2024-03-19T10:35:23Z Most bioeconomic models of efficient renewable resource management are constructed for a single harvesting ground. A bioeconomic model is developed in this paper to study the optimal management of renewable resources that are found in spatially distinct harvesting grounds. The model is applied to Minke whale management. Important inter-regional substitution effects are shown to exist. In addition, comparison with previous studies shows that multiple stock management is necessary for efficient management. Finally, the current Minke whale moratorium is shown to be inefficient unless significant nonmarket values exist. Copyright Kluwer Academic Publishers 1999 bioeconomics, multiple stocks, humane values, Minke whales, Monte Carlo analysis, uncertainty Article in Journal/Newspaper minke whale RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description Most bioeconomic models of efficient renewable resource management are constructed for a single harvesting ground. A bioeconomic model is developed in this paper to study the optimal management of renewable resources that are found in spatially distinct harvesting grounds. The model is applied to Minke whale management. Important inter-regional substitution effects are shown to exist. In addition, comparison with previous studies shows that multiple stock management is necessary for efficient management. Finally, the current Minke whale moratorium is shown to be inefficient unless significant nonmarket values exist. Copyright Kluwer Academic Publishers 1999 bioeconomics, multiple stocks, humane values, Minke whales, Monte Carlo analysis, uncertainty
format Article in Journal/Newspaper
author Richard Horan
James Shortle
spellingShingle Richard Horan
James Shortle
Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales
author_facet Richard Horan
James Shortle
author_sort Richard Horan
title Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales
title_short Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales
title_full Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales
title_fullStr Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales
title_full_unstemmed Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales
title_sort optimal management of multiple renewable resource stocks: an application to minke whales
url http://hdl.handle.net/10.1023/A:1008261710951
genre minke whale
genre_facet minke whale
op_relation http://hdl.handle.net/10.1023/A:1008261710951
_version_ 1796313160562507776

Similar Items