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On uncertain renewable resource stocks: Optimal harvest policies and the value of stock surveys

Citations

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Cited by:

  1. Ho Geun Jang & Satoshi Yamazaki & Eriko Hoshino, 2019. "Profit and equity trade‐offs in the management of small pelagic fisheries: the case of the Japanese sardine fishery," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(3), pages 549-574, July.
  2. Vincent Martinet & Michel de Lara & Julio Peña & Héctor Ramirez, 2010. "Evaluation of Management Procedures: Application to Chilean Jack Mackerel Fishery," ILADES-UAH Working Papers inv255, Universidad Alberto Hurtado/School of Economics and Business.
  3. do Val, J.B.R. & Guillotreau, P. & Vallée, T., 2019. "Fishery management under poorly known dynamics," European Journal of Operational Research, Elsevier, vol. 279(1), pages 242-257.
  4. Kulmala, Soile & Laukkanen, Marita & Michielsens, Catherine, 2008. "Reconciling economic and biological modeling of migratory fish stocks: Optimal management of the Atlantic salmon fishery in the Baltic Sea," Ecological Economics, Elsevier, vol. 64(4), pages 716-728, February.
  5. Maroto, Jose M. & Moran, Manuel, 2008. "Increasing marginal returns and the danger of collapse of commercially valuable fish stocks," Ecological Economics, Elsevier, vol. 68(1-2), pages 422-428, December.
  6. Singh, Rajesh & Weninger, Quinn & Doyle, Matthew, 2006. "Fisheries management with stock growth uncertainty and costly capital adjustment," Journal of Environmental Economics and Management, Elsevier, vol. 52(2), pages 582-599, September.
  7. Bene, C. & Doyen, L. & Gabay, D., 2001. "A viability analysis for a bio-economic model," Ecological Economics, Elsevier, vol. 36(3), pages 385-396, March.
  8. Hansen, Lars Gårn & Jensen, Frank, 2017. "Regulating fisheries under uncertainty," Resource and Energy Economics, Elsevier, vol. 50(C), pages 164-177.
  9. Costello, Christopher & Quérou, Nicolas & Tomini, Agnes, 2015. "Partial enclosure of the commons," Journal of Public Economics, Elsevier, vol. 121(C), pages 69-78.
  10. Sethi, Gautam & Costello, Christopher & Fisher, Anthony & Hanemann, Michael & Karp, Larry, 2005. "Fishery management under multiple uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 300-318, September.
  11. Tom Kompas & Tuong Nhu Che & R. Quentin Grafton, 2008. "Fisheries Instrument Choice under Uncertainty," Land Economics, University of Wisconsin Press, vol. 84(4), pages 652-666.
  12. Vincent Martinet & Michel de Lara & Julio Peña-Torres & Héctor Ramírez Cabrera, 2012. "Risk and Sustainability: Assessing Fisheries Management Strategies," Working Papers hal-04141121, HAL.
  13. José Da Rocha & María Gutiérrez, 2012. "Endogenous Fishery Management in a Stochastic Model: Why Do Fishery Agencies Use TACs Along with Fishing Periods?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(1), pages 25-59, September.
  14. Sloggy, Matthew R. & Kling, David M. & Plantinga, Andrew J., 2020. "Measure twice, cut once: Optimal inventory and harvest under volume uncertainty and stochastic price dynamics," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
  15. Sareh Vosooghi, 2019. "Panic-Based Overfishing in Transboundary Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1287-1313, August.
  16. Kelsall, Claudia & Quaas, Martin F. & Quérou, Nicolas, 2023. "Risk aversion in renewable resource harvesting," Journal of Environmental Economics and Management, Elsevier, vol. 121(C).
  17. Luhede, Amelie & Yaqine, Houda & Bahmanbijari, Reza & Römer, Michael & Upmann, Thorsten, 2024. "The value of information in water quality monitoring and management," Ecological Economics, Elsevier, vol. 219(C).
  18. Moxnes, Erling, 2003. "Uncertain measurements of renewable resources: approximations, harvesting policies and value of accuracy," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 85-108, January.
  19. Jensen, Frank, 2008. "Uncertainty and asymmetric information: An overview," Marine Policy, Elsevier, vol. 32(1), pages 89-103, January.
  20. Kling, David M. & Sanchirico, James N. & Fackler, Paul L., 2017. "Optimal monitoring and control under state uncertainty: Application to lionfish management," Journal of Environmental Economics and Management, Elsevier, vol. 84(C), pages 223-245.
  21. Pablo Garcia, 2024. "Optimal timing of environmental policy under partial information," BCL working papers 180, Central Bank of Luxembourg.
  22. Bediako, Kwabena & Nkuiya, Bruno, 2022. "Stability of international fisheries agreements under stock growth uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 113(C).
  23. Melstrom, Richard T. & Salau, Kehinde Rilwan & Shanafelt, David W., 2019. "The Optimal Timing of Reintroducing Captive Populations Into the Wild," Ecological Economics, Elsevier, vol. 156(C), pages 174-184.
  24. repec:ehu:dfaeii:6463 is not listed on IDEAS
  25. José-María Da-Rocha & Linda Nøstbakken & Marcos Pérez, 2014. "Pulse Fishing and Stock Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 257-274, October.
  26. Ni, Yuanming & Sandal, Leif K. & Kvamsdal, Sturla F. & Poudel, Diwakar, 2019. "Greed is good: from super-harvest to recovery in a stochastic predator-prey system," Discussion Papers 2019/5, Norwegian School of Economics, Department of Business and Management Science.
  27. Jose Pizarro & Eduardo S. Schwartz, 2018. "The Valuation of Fisheries Rights: A Real Options Approach," NBER Working Papers 25140, National Bureau of Economic Research, Inc.
  28. Bruno Nkuiya, 2025. "Effects of increasing risk in common resource exploitation under cost asymmetry," American Journal of Agricultural Economics, John Wiley & Sons, vol. 107(1), pages 108-124, January.
  29. Ute Kapaun & Martin Quaas, 2013. "Does the Optimal Size of a Fish Stock Increase with Environmental Uncertainties?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(2), pages 293-310, February.
  30. Diwakar Poudel & Leif K. Sandal & Sturla F. Kvamsdal, 2015. "Stochastically Induced Critical Depensation and Risk of Stock Collapse," Marine Resource Economics, University of Chicago Press, vol. 30(3), pages 297-313.
  31. Nyarko, Yaw & Olson, Lars J., 1996. "Optimal growth with unobservable resources and learning," Journal of Economic Behavior & Organization, Elsevier, vol. 29(3), pages 465-491, May.
  32. Charles Sims & David Finnoff & Alan Hastings & Jacob Hochard, 2017. "Listing and Delisting Thresholds under the Endangered Species Act," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(3), pages 549-570.
  33. Carson, Richard T & Murray, Jason H., 2012. "Fisheries Management Implications of Intrinsic Under Identification of Growth Equation Parameters," University of California at San Diego, Economics Working Paper Series qt8bw0b76s, Department of Economics, UC San Diego.
  34. Singh, Rajesh & Weninger, Quinn, 2024. "Discretion rather than rules in multiple-species fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
  35. Poudel, Diwakar & Sandal, Leif K. & Steinshamn, Stein I. & Kvamsdal, Sturla F., 2012. "Do Species Interactions and Stochasticity Matter to Optimal Management of Multispecies Fisheries?," Discussion Papers 2012/1, Norwegian School of Economics, Department of Business and Management Science.
  36. Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2006. "Dynamic Economic Analysis on Invasive Species Management: Some Policy Implications of Catchability," Working Papers EMS_2006_16, Research Institute, International University of Japan.
  37. Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2007. "Programs on Invasive Species Management under Growth Uncertainty and Measurement Error," Working Papers EMS_2007_01, Research Institute, International University of Japan.
  38. Jose Pizarro & Eduardo Schwartz, 2021. "Fisheries Optimal Harvest Under Price and Biomass Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(1), pages 147-175, January.
  39. Marten, Alex L. & Moore, Christopher C., 2011. "An options based bioeconomic model for biological and chemical control of invasive species," Ecological Economics, Elsevier, vol. 70(11), pages 2050-2061, September.
  40. Weitzman, Martin L., 2002. "Landing Fees vs Harvest Quotas with Uncertain Fish Stocks," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 325-338, March.
  41. Leizarowitz, Arie & Tsur, Yacov, 2012. "Renewable resource management with stochastic recharge and environmental threats," Journal of Economic Dynamics and Control, Elsevier, vol. 36(5), pages 736-753.
  42. Colla-De-Robertis, Esteban & Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutiérrez, María-José & Prellezo, Raul, 2018. "A bayesian estimation of the economic effects of the Common Fisheries Policy on the Galician Fleet: a dynamic stochastic general equilibrium approach," MPRA Paper 89944, University Library of Munich, Germany.
  43. Singh, Rajesh & Weninger, Quinn, "undated". "Discretion rather than rules in multiple-species fisheries," ISU General Staff Papers 202311071438390000, Iowa State University, Department of Economics.
  44. Vincent Martinet & Julio Peña-Torres & Michel Lara & Hector Ramírez C., 2016. "Risk and Sustainability: Assessing Fishery Management Strategies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 683-707, August.
  45. Gian-Italo Bischi & Michael Kopel & Ferenc Szidarovszky, 2005. "Expectation-Stock Dynamics in Multi-Agent Fisheries," Annals of Operations Research, Springer, vol. 137(1), pages 299-329, July.
  46. Jules Selles, 2018. "Fisheries management: what uncertainties matter?," Working Papers hal-01824238, HAL.
  47. Bediako, Kwabena & Nkuiya, Bruno, 2024. "Learning and uncertainty in spatial resource management," Resource and Energy Economics, Elsevier, vol. 78(C).
  48. Anastasia Zabaniotou & Christine Syrgiannis & Daniela Gasperin & Arnoldo José de Hoyos Guevera & Ivani Fazenda & Donald Huisingh, 2020. "From Multidisciplinarity to Transdisciplinarity and from Local to Global Foci: Integrative Approaches to Systemic Resilience Based upon the Value of Life in the Context of Environmental and Gender Vul," Sustainability, MDPI, vol. 12(20), pages 1-32, October.
  49. McGough Bruce & Plantinga Andrew J. & Costello Christopher, 2009. "Optimally Managing a Stochastic Renewable Resource under General Economic Conditions," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-31, December.
  50. Tsur, Yacov & Zemel, Amos, 2012. "Dynamic and stochastic analysis of environmental and natural resources," Discussion Papers 120017, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
  51. Amelie Luhede & Houda Yaqine & Reza Bahmanbijari & Michael Römer & Thorsten Upmann, 2023. "The Value of Information in Water Quality Monitoring and Management," CESifo Working Paper Series 10307, CESifo.
  52. Baggio, Michele & Fackler, Paul L., 2016. "Optimal management with reversible regime shifts," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 124-136.
  53. Fackler, Paul L. & Haight, Robert G., 2014. "Monitoring as a partially observable decision problem," Resource and Energy Economics, Elsevier, vol. 37(C), pages 226-241.
  54. Bjorndal, Trond & Lane, Daniel E. & Weintraub, Andres, 2004. "Operational research models and the management of fisheries and aquaculture: A review," European Journal of Operational Research, Elsevier, vol. 156(3), pages 533-540, August.
  55. Nkuiya, Bruno & Diekert, Florian, 2023. "Stochastic growth and regime shift risk in renewable resource management," Ecological Economics, Elsevier, vol. 208(C).
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