When is it optimal to exhaust a resource in a finite time?

Ken Ichi Akao, Y. Hossein Farzin

研究成果: Article査読

3 被引用数 (Scopus)

抄録

Exhaustion of a natural resource stock may be a rational choice for an individual and/or a community, even if a sustainable use for the resource is feasible and the resource users are farsighted and well informed on the ecosystem. We identify conditions under which it is optimal not to sustain resource use. These conditions concern the discounting of future benefits, instability of a social system or ecosystem, nonconvexity of natural growth function, socio-psychological value of employment, and strategic interaction among resource users. The identification of these conditions can help design policies to prevent unsustainable patterns of resource use.

本文言語English
ページ(範囲)422-430
ページ数9
ジャーナルEcological Research
22
3
DOI
出版ステータスPublished - 2007 5

ASJC Scopus subject areas

  • 生態、進化、行動および分類学

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