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Procreation, Fishing, and Hunting: Renewable Resources and Dynamic Planar Systems
Author(s) -
Nerlove Marc
Publication year - 1993
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242954
Subject(s) - fishing , population dynamics of fisheries , natural resource economics , renewable resource , population , economics , renewable energy , fish <actinopterygii> , geography , ecology , fishery , sociology , demography , biology
Many problems in the economics of renewable resources can be put in the form of a dynamic planar system. This paper provides analytic and graphical methods for the study of the global dynamics, existence of stationary points, and local stability properties of such systems, and applies these methods to problems of (1) population and environmental quality; (2) exploitation of a stock of fish; and (3) the economics of the pleistocene extinctions and the origins of agriculture.