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

Ken Ichi Akao, Y. Hossein Farzin

研究成果: Chapter

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
ホスト出版物のタイトルSustainability and Diversity of Forest Ecosystems
ホスト出版物のサブタイトルAn Interdisciplinary Approach
出版社Springer Japan
ページ422-430
ページ数9
ISBN(印刷版)9784431732372
DOI
出版ステータスPublished - 2007

ASJC Scopus subject areas

  • 農業および生物科学(全般)

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