Cobourn, Kelly M.; Burrack, Hannah J.; Goodhue, Rachael E. - In: Journal of Environmental Economics and Management 62 (2011) 2, pp. 278-289
A modeler must often rely on highly simplified representations of complex physical systems when analyzing associated economic issues. Herein, we consider a management problem in which a bioeconomic system exhibits simultaneity in processes governing productivity and damage. In this case, it may...