Zeeuw, Aart de - In: Annual Review of Resource Economics 6 (2014) 1, pp. 85-104
Resource management has to take account of the possibility of tipping points and regime shifts in ecological systems … that provide the resources. This article focuses on the typical model of regime shifts in the ecological literature and … benefits of the activities that may lead to a regime shift. Regime shifts are uncertain. This article also analyzes optimal …