The cyclical exploitation of renewable resource stocks may be optimal
Article Abstract:
A research effort reexamined C.W. Clark, F.H. Clarke, and G.R. Munro's optimal exploitation of renewable resources model to demonstrate the possible optimality of complex and cyclical strategies with technical modifications, such as the introduction of non-linear cost functions and the assumption that capital depreciation is sufficiently small. The positive externalities currently existent in the model should be included, suggesting that such as framework may be extended to environmental economics.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Expanding U.S. log export restrictions: impacts on state revenue and policy implications
Article Abstract:
A study found that a partial ban on exports of Washington logs from 1991 to 1992 did not reduce the state's revenues from timber. The findings were based on individual sales from Washington's timber lands and a hedonic regression to control for quality differences and output market factors. Results show that Washington has substantial control over the export market for high-quality timber. The discussion also involves the policy implications based on the results.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Structural estimation of the stochastic dynamic decision problems of resource users:an application to the timber harvest decision
Article Abstract:
A procedure for the structural estimation of the stochastic dynamic decision problems of resource users is evaluated. Specific application is made to the timber industry.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Trade with polluting nonrenewable resources. Nonconvexities in optimal pollution accumulation
- Abstracts: Cultural awareness. Human resource development. Agencies combine to save crashed glider pilot
- Abstracts: Warwickshire crews tackle landfill site blaze. Raising fire awareness in Dubai. New team will tackle fire safety with London's diverse communities
- Abstracts: London Fire Brigade plans for 2007/08. Commendation for horse rescue. London first to publicly pledge support for reserves
- Abstracts: Composting and residential commercial streams. Planned community includes composting. British composters targets municipal organics