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Introduction to Dynamic and Stochastic Resource Economics : Essays on Biodiversity, Invasive Species, Joint Systems, and Regulation
Batabyal, Amitrajeet A. - 2013
We begin by pointing out that the rise in popular concern about the judicious management of natural and environmental resources has been matched by increasing scholarship by economists on several issues concerning the efficient use and management of these same resources. Second, we note that...
Persistent link: https://www.econbiz.de/10013079990
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Species Substitutability, Resilience and the Optimal Management of Ecological-Economic Systems
Batabyal, Amitrajeet A. - 2013
The salience of the notion of resilience in affecting the static and the intertemporal behavior of jointly determined ecological-economic systems has been understood by ecologists at least since 1973. Despite this, there are very few analyses of such systems that examine the ecological and the...
Persistent link: https://www.econbiz.de/10014196575
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On Species Substitutability, Resilience, and the Optimal Management of Ecological-Economic Systems
Batabyal, Amitrajeet A. - 2013
The significance of the concept of resilience in determining the static and the dynamic behavior of jointly determined ecological-economic systems has been recognized by ecologists at least since Holling (1973). This notwithstanding, there are very few formal studies of such systems that analyze...
Persistent link: https://www.econbiz.de/10014203939
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Habitat Conversion, Information Acquisition, and the Conservation of Biodiversity
Batabyal, Amitrajeet A. - 2014
This study analyzes two issues pertaining to the conservation of biodiversity in an intertemporal and stochastic … setting. First, given the nexus between natural habitats and biodiversity, when should a social planner stop the habitat … acting is fixed, longer planning horizons lead to the conservation of relatively larger stocks of biodiversity …
Persistent link: https://www.econbiz.de/10014132909
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Habitat Conversion, Information Acquisition, and the Conservation of Biodiversity
Batabyal, Amitrajeet A. - 2014
This paper studies two questions relating to the conservation of biodiversity in an intertemporal and stochastic … framework. First, given the link between natural habitats and biodiversity, when should a social planner stop the habitat … relatively larger stocks of biodiversity. Stopping …
Persistent link: https://www.econbiz.de/10014149983
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A Stochastic Model of an Ecological-Economic System with Two Keystone Species
Batabyal, Amitrajeet A. - 2007
Actions taken by a manager affect the health of the keystone species of an ecological-economic system. In turn, the health of these keystone species largely determines the resilience of the underlying ecological-economic system. What are the nexuses between managerial actions, keystone species,...
Persistent link: https://www.econbiz.de/10014025973
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On Economic Cost Minimization Versus Biological Invasion Damage Control
DeAngelo, Gregory J.; Batabyal, Amitrajeet A.; Kumar, … - 2007
Recently, Batabyal et al. (2005) have used a queuing model to show that there is a tension between economic cost minimization and inspection stringency in invasive species management in the following sense: Greater (lesser) inspection stringency with a larger (smaller) number of inspectors leads...
Persistent link: https://www.econbiz.de/10014026069
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A Stochastic Model of an Ecological-Economic System With Two Keystone Species
Batabyal, Amitrajeet A. - 2007
Actions taken by a manager affect the health of the keystone species of an ecological-economic system. In turn, the health of these keystone species largely determines the resilience of the underlying ecological-economic system. What are the nexuses between managerial actions, keystone species,...
Persistent link: https://www.econbiz.de/10014026165
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International Trade and Biological Invasions : A Queuing Theoretic Analysis of the Prevention Problem
Batabyal, Amitrajeet A.; Beladi, Hamid - 2005
We propose and develop a new framework for analyzing the problem of precluding biological invasions caused by ships transporting internationally traded goods between nations and continents. In particular, we apply the methods of queuing theory to study the problem of precluding a biological...
Persistent link: https://www.econbiz.de/10014027426
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A Probabilistic Approach to Optimal Orchard Management
Batabyal, Amitrajeet A. - 2006
The formal study of orchard management in which an orchard is viewed as a jointly determined ecological-economic system is still in its infancy. Therefore, in this paper, we propose a new way of looking at the problem of orchard management that has three distinct advantages to it. First, we...
Persistent link: https://www.econbiz.de/10012732867