Preface ........................................................ ix
Acknowledgments ................................................ xv
1 A Generic Bioeconomic Model .................................. 1
1.1 What is Conservation? ................................... 1
1.2 What is a Model? ........................................ 3
Exercises ............................................... 4
1.3 A Dynamic Resource-Harvesting Model .................... 4
Exercises .............................................. 13
1.4 A Bioeconomic Model .................................... 14
Exercises .............................................. 22
1.5 A Dynamic Optimization Model ........................... 23
Exercises .............................................. 31
1.6 A Model of Individual Behavior ......................... 32
Exercises .............................................. 39
1.7 Individual Vessel Quotas ............................... 40
Exercises .............................................. 49
1.8 The Veil of Uncertainty ................................ 49
5 Regulation of Renewable Resource Harvesting ................ 179
5.1 The Consequences of Unregulated Resource Harvesting ... 179
Exercises ............................................. 185
5.2 Methods of Regulating Resource Harvesting ............. 185
Exercises ............................................. 189
5.3 Shadow Prices, Taxes and Tradeable Quotas ............. 189
Exercises ............................................. 211
5.4 Regulation without Taxes or Tradeable Quotas .......... 212
Exercises ............................................. 221
6 Growth and Aging ........................................... 223
6.1 Forestry Models ....................................... 224
Exercises ............................................. 232
6.2 Fisheries: The Cohort Model ........................... 233
Exercises ............................................. 243
6.3 Multicohort Fisheries ................................. 244
Exercises ............................................. 250
7 Resource Management under Uncertainty ...................... 253
7.1 Process and Observational Uncertainty ................. 255
Exercises ............................................. 260
7.2 Understanding Uncertainty ............................. 261
Exercises ............................................. 272
7.3 Process Uncertainty ................................... 273
Exercises ............................................. 276
Exercises ............................................. 279
7.4 An Introduction to Decision Analysis .................. 279
Exercises ............................................. 283
7.5 Economic Uncertainties ................................ 284
Exercises ............................................. 287
7.6 Appendix: Bayesian Updating ........................... 287
Exercises ............................................. 300
8 Disaggregated Resource Models .............................. 303
8.1 Source-sink Models .................................... 304
Exercises ............................................. 304
Exercises ............................................. 309
8.2 Predator-prey Models .................................. 309
Exercises ............................................. 316
8.3 Mixed-species Harvesting .............................. 317
Exercises .................................................. 321
9 Synopsis ................................................... 323
Problem Solutions .......................................... 329
References ................................................. 355
Index ......................................................... 365
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