We investigate how a resource user who is present-biased manages a renewable resource stock with variable growth that could undergo a reversible regime shift (an abrupt, persistent change in structure and function of the ecosystem supplying the resource). In a discrete-time quasihyperbolic...

"In one volume, this book brings together a diversity of approaches, theory and frameworks that can be used to analyse the governance of renewable natural resources. Renewable natural resources are under pressure, with overexploitation and degradation raising concern globally. Understanding...