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The premium of marine protected areas : a simple valuation model
(Discussion paper2007:12, Working paper, 2007-03)
Marine Protected Areas are considered as a hedging tool against some of the uncertainties that trouble many fisheries today. Such tools are always connected with a cost; a premium. An optimal harvest rule is combined ...
Irreversible Investments Revisited
(Discussion paper2006:11, Working paper, 2006-07)
A non-linear dynamic model in two state variables, two controls and three cost terms is presented for the purpose of finding the optimal combination of exploitation and capital investment in optimal renewable resource ...
Optimal population and capital dynamics in fisheries with irreversible investments
(Working paper2007:11, Working paper, 2007-06)
A multi-dimensional, non-linear dynamic model in continuous time is presented for the purpose of finding the optimal combination of exploitation and capital investment in optimal renewable resource management. Non-malleability ...