A dynamic model of biodiversity preservation
In: Environment and development economics, Volume 3, Issue 2, p. 157-172
Abstract
This paper attempts to develop a dynamic model of optimal biodiversity preservation in a stylized ecosystem. Species richness (number of species) is used as a measure of diversity and its interactions with the resource stock, consumptive extraction and preservation efforts are explored using a two-state variable optimal control model. The analysis extends to the implications of a random threshold in species richness and the relationship between ecological and economic stability conditions. Dynamic paths and equilibrium characteristics are illustrated using numerical techniques.
Languages
English
Publisher
Cambridge University Press (CUP)
ISSN: 1469-4395
DOI
Report Issue