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Mathematical Bioeconomics

  • Colin W. Clark
Part of the Lecture Notes in Biomathematics book series (LNBM, volume 2)

Abstract

Renewable resource management would seem to provide a fertile area for the application of economic analysis, whether classical or modern. The last of Adam Smith’s three sources of wealth — capital, labor and land — for example, clearly includes the class of renewable resources. The fundamental concept of “economic rent” applies directly to the contribution of biological productivity to wealth.

Keywords

Discount Rate Harvest Rate Fishing Intensity Biomass Curve Unit Harvest 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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    Beverton, R.J.H., and Holt, S.J., On the Dynamics of Exploited Fish Populationss. Ministry of Agriculture, Fisheries and Food (London), Fish. Inv. Ser. 2, Vol. 19 (1957).Google Scholar
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    Ciriacy-Wantrup, S.V., Resource Conservation: Economics and Policies. Univ. of California Press (Berkeley) (1963).Google Scholar
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    —, Edwards, G., and Friedlaender, M., Beverton-Holt model of a commercial fishery: optimal dynamics, J. Fish. Research Board of Canada 30, 1629–1640 (1973).CrossRefGoogle Scholar
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    Pontrjagin, L.S., et al, The Mathematical Theory of Optimal Processes, Pergamon Press (Oxford) (1964).Google Scholar

Copyright information

© Springer-Verlag Berlin · Heidelberg 1974

Authors and Affiliations

  • Colin W. Clark
    • 1
  1. 1.Department of MathematicsThe University of British ColumbiaCanada

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