| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
Heterogeneity among agent types and second-best management for non-market ecological services
|
| Autores: |
Fenichel, Eli P.
|
| Data: |
2009-04-15
|
| Ano: |
2009
|
| Palavras-chave: |
Entry-exit
Microparameter
Bioeconomics
Recreational fishing
Landing limits
Optimal control
Resource /Energy Economics and Policy
Q20
Q22
Q26
|
| Resumo: |
Second-best management affects different agent types differently, and heterogeneity among agents may create instances when only second best management is feasible. Capital-theoretic bioeconomic modeling often has imposed representative agent assumptions that may not capture this heterogeneity. Interactions between agent heterogeneity and second-best management have received little attention. Such heterogeneity is particularly important when management actions do not directly affect extensive margin decisions. We employ a microparameter model in a dynamic bioeconomic model to incorporate agent heterogeneity and intensive and extensive margin decisions for a nonmarket good, recreational fishing. The model yields qualitatively different management recommendations when a representative agent is assumed than when heterogeneity is included using the microparameter approach.
|
| Tipo: |
Conference Paper or Presentation
|
| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/48995
|
| Relação: |
Agricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
|
| Formato: |
31
|
