We exploit the known links between natural habitats and biodiversity to pose and study the biodiversity conservation question as an optimal stopping problem. We extend the extant literature on this question by studying the role that autonomous and nonautonomous policies play in the decision to...

We exploit the known links between natural habitats and biodiversity to pose and study the biodiversity conservation question as an optimal stopping problem. We extend the existing literature on this query by studying the role that autonomous and nonautonomous policies play in the decision to...

We exploit the known links between natural habitats and biodiversity to pose and study the biodiversity conservation question as an optimal stopping problem. We extend the extant literature on this question by studying the role that autonomous and nonautonomous policies play in the decision to...

Various plants and resources such as orchards are vulnerable to the detrimental effects of successful invasions by alien animal or plant species. To outline an appropriate policy response, we first use renewal theory to construct a stochastic model of optimal orchard management in the presence...

Recently, Batabyal and Beladi (2009) have constructed a metric of the expected total monetary damage from the unintentional introduction of invasive species into a country called Home. In this note, we extend this line of inquiry by analyzing the statistical properties of this total monetary...

Recently, Batabyal and Beladi (2009) have constructed a metric of the expected total monetary damage from the unintentional introduction of invasive species into a country called Home. In this note, we extend this line of inquiry by analyzing the statistical properties of this total monetary...