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Across western North America, invasive plant species and elevated levels of nitrogen are threatening the productivity of rangelands. A bioeconomic model of stocking cattle on these rangelands is used to show that optimal stocking depends on the competition between native grasses and the...
Persistent link: https://www.econbiz.de/10014214993
The theory for a general equilibrium ecosystem model that can include large number of interacting species is presented. Features include: 1) individual plants and animals are assumed to behave as if they are maximizing their net energy intake, 2) short and long-run equilibriums are obtained, 3)...
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Endangered species are in predator/prey, mutualistic, competitive, or other types of relationships with many other species that share their habitat. Understanding these ecological relationships is an important part of designing endangered species policies. We employ a general equilibrium model...
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Ecosystems and economies are inextricably linked: ecosystem models and economic models are not linked. Consequently, using either type of model to design policies for preserving ecosystems or improving economic performance omits important information. Improved policies would follow from a model...
Persistent link: https://www.econbiz.de/10014166454
Ecosystems and economies are inextricably linked: ecosystem models and economic models are not linked. Consequently, using either type of model to design policies for preserving ecosystems or improving economic performance omits important information. Improved policies would follow from a model...
Persistent link: https://www.econbiz.de/10014166489
This paper presents a self-contained survey of club theory with an emphasis on the contributions of the last fifteen years. Club goods are contrasted with pure public goods, and equilibrium and optimality notions are contrasted. After presenting three basic representations of club theory, the...
Persistent link: https://www.econbiz.de/10005674723