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Marine Resource Economics >
Volume 01, Number 2, 1984 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/47513
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| Title: | Stochastic Bioeconomics: A Review of Basic Methods and Results |
| Authors: | Andersen, Peder
Sutinen, Jon G. |
| Issue Date: | 1984 |
| Series/Report no.: | Marine Resource Economics
Vol. 1 No. 2 |
| Abstract: | Basic bioeconomic models which incorporate
uncertainty are reviewed to show and compare the principal methods used and results reported in the literature. Beginning with a simple linear control model of stock uncertainty, we proceed to discuss more complex models which explicitly recognize
risk preferences, firm and industry behavior, and market price effects. The effects of uncertainty on the results of
bioeconomic analysis are rarely unambiguous, and in some instances differ little from corresponding deterministic results. This review is presented to enhance readers' appreciation of the papers to follow in this and the next issue of the journal. |
| URI: | http://purl.umn.edu/47513 |
| Identifiers: | 0738-1360 |
| Institution/Association: | Marine Resource Economics>Volume 01, Number 2, 1984 |
| Total Pages: | 20 |
| From Page: | 117 |
| To Page: | 136 |
| Collections: | Volume 01, Number 2, 1984
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| 8175630.pdf | | 924Kb | PDF | View/Open |
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