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Filtering by: Subject Sawing -- Mathematical models Academic Affiliation Agriculture and Resource Economics Creator Burnes, Ellen Irene

Three studies on the role of uncertainty in the valuation and management of renewable natural resources

Creator:

Burnes, Ellen Irene

Abstract:

These three papers address uncertainty in the management and valuation of renewable natural resources. The first paper develops a model to integrate both stock and price uncertainty to obtain optimal resource levels. The model is an extension of Reed (1974) and shows by proof and by example that when prices...

Resource Type:

Dissertation

Full Text:

proposition, mathematical proof, and example. 5 In his 1974 paper, A Stochastic Model for the Economic