Data/hora: 16/06/2024 16:31:26

Provedor de dados: 	31	
País: 	United States	
Título: 	Resilience, Uncertainty, and the Role of Economics in Ecosystem Management	
Autores: 	Brozovic,   Nicholas; Schlenker,   Wolfram.	
Data: 	2007-06-27	
Ano: 	2007	
Palavras-chave: 	Resource /Energy Economics and Policy.	
Resumo: 	Many natural systems have the potential to switch between alternative dynamic behaviors. We consider a system with two distinct equations of motion that are separated by a threshold value of the state variable. We show that utility maximization will give a decision making rule that is consistent with ecosystem-based management objectives that aim to reduce the probability that the system crosses the threshold. Moreover, we find that increasing uncertainty (both uncertainty embedded in the natural system and uncertainty of the decision maker about the location of the threshold) can lead to nonmonotonic changes in precaution. Although small increases in uncertainty may at first increase precaution, large enough increases in uncertainty will lead to a decrease in precaution.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	26419

http://purl.umn.edu/9886	
Editor: 	AgEcon Search	
Relação: 	American Agricultural Economics Association&gt;2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon

Selected Paper 174876	
Formato: 	34

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