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The stocking density on Kazakhstan's extensive rangelands is well below traditional levels. To analyze dynamic flock performance, we develop a stochastic dynamic programming model for livestock systems with stochastic forage production. The model contains continuous five state and 12 control...
Persistent link: https://www.econbiz.de/10014225351
Agriculture in the Central Valley of California, one of the USA’s main sources of fruits, nuts, and vegetables, is highly vulnerable to climate change impacts in the next 50 years. This interdisciplinary case study in Yolo County shows the urgency f or building adaptation strategies to climate...
Persistent link: https://www.econbiz.de/10014159464
This review critically looks at the theoretical and empirical foundations of positive mathematical programming and its evolution in the past decade or so. We show how the need to model new empirical phenomena has induced the literature to rethink model specifications and to address new questions...
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This paper analyses budget-constrained, nonpoint source (NPS) pollution control with costly information acquisition and learning. To overcome the inherent ill-posed statistical problem in NPS pollution data the sequential entropy filter is applied to the sediment load management program for...
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In this article, we show how the degree of risk aversion, discounting, and preference for intertemporal substitution for a natural resource manager can be structurally estimated within a recursive utility framework. We focus on the management of a reservoir in California, and test the data for...
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