search query: @author Wirl, F. / total: 17
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| Author: | Wirl, F. |
| Title: | The cyclical exploitation of renewable resource stocks may be optimal |
| Journal: | Journal of Environmental Economics and Management
1995 : SEP, VOL. 29:2, p. 252-261 |
| Index terms: | ECONOMICS RENEWABLE RESOURCES STOCK MARKETS |
| Language: | eng |
| Abstract: | The purpose of this paper is to illustrate that stable limit cycles represent a possible, generic equilibrium strategy in renewable resource models if the considered resource provides positive externalities. The possibility, which has been thus far overlooked, is demonstrated for a non-linear variant of the widely quoted model of C.W.Clark, F.H.Clarke, and G.R.Munro. |
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