Instabilities and robust control in natural resource management

Detalhes bibliográficos
Autor(a) principal: Xepapadeas, Anastasios
Data de Publicação: 2013
Outros Autores: Roseta-Palma, Catarina
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/15710
Resumo: Most renewable natural resources exhibit marked demographic and environmental stochasticities, which are exarcebated in management decisions by the uncertainty regarding the choice of an appropriate model to describe system dynamics. Moreover, demand and supply analysis often indicates the presence of instabilities and multiple equilibria, which may lead to management problems that are intensified by uncertainty on the evolution of the resource stock. In this paper the fishery management problem is used as an example to explore the potential of robust optimal control, where the objective is to choose a harvesting rule that will work under a range of admissible specifications for the stock-recruitment equation. The paper derives robust harvesting rules leading to a unique equilibrium, which could be helpful in the design of policy instruments such as robust quota systems.
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spelling Instabilities and robust control in natural resource managementNatural resource managementUncertaintyMultiple equilibriaInstabilitiesRobust controlRobust harvesting rulesMost renewable natural resources exhibit marked demographic and environmental stochasticities, which are exarcebated in management decisions by the uncertainty regarding the choice of an appropriate model to describe system dynamics. Moreover, demand and supply analysis often indicates the presence of instabilities and multiple equilibria, which may lead to management problems that are intensified by uncertainty on the evolution of the resource stock. In this paper the fishery management problem is used as an example to explore the potential of robust optimal control, where the objective is to choose a harvesting rule that will work under a range of admissible specifications for the stock-recruitment equation. The paper derives robust harvesting rules leading to a unique equilibrium, which could be helpful in the design of policy instruments such as robust quota systems.Springer VerlagRepositório da Universidade de LisboaXepapadeas, AnastasiosRoseta-Palma, Catarina2018-06-25T10:51:46Z2013-122013-12-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/15710engXepapadeas, Anastasios e Catarina Roseta-Palma (2013). "Instabilities and robust control in natural resource management". Portuguese Economic Journal, 12(3):161-1801617-982X (print)10.1007/s10258-013-0092-0metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-07T01:30:47Zoai:www.repository.utl.pt:10400.5/15710Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:18.949027Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Instabilities and robust control in natural resource management
title Instabilities and robust control in natural resource management
spellingShingle Instabilities and robust control in natural resource management
Xepapadeas, Anastasios
Natural resource management
Uncertainty
Multiple equilibria
Instabilities
Robust control
Robust harvesting rules
title_short Instabilities and robust control in natural resource management
title_full Instabilities and robust control in natural resource management
title_fullStr Instabilities and robust control in natural resource management
title_full_unstemmed Instabilities and robust control in natural resource management
title_sort Instabilities and robust control in natural resource management
author Xepapadeas, Anastasios
author_facet Xepapadeas, Anastasios
Roseta-Palma, Catarina
author_role author
author2 Roseta-Palma, Catarina
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Xepapadeas, Anastasios
Roseta-Palma, Catarina
dc.subject.por.fl_str_mv Natural resource management
Uncertainty
Multiple equilibria
Instabilities
Robust control
Robust harvesting rules
topic Natural resource management
Uncertainty
Multiple equilibria
Instabilities
Robust control
Robust harvesting rules
description Most renewable natural resources exhibit marked demographic and environmental stochasticities, which are exarcebated in management decisions by the uncertainty regarding the choice of an appropriate model to describe system dynamics. Moreover, demand and supply analysis often indicates the presence of instabilities and multiple equilibria, which may lead to management problems that are intensified by uncertainty on the evolution of the resource stock. In this paper the fishery management problem is used as an example to explore the potential of robust optimal control, where the objective is to choose a harvesting rule that will work under a range of admissible specifications for the stock-recruitment equation. The paper derives robust harvesting rules leading to a unique equilibrium, which could be helpful in the design of policy instruments such as robust quota systems.
publishDate 2013
dc.date.none.fl_str_mv 2013-12
2013-12-01T00:00:00Z
2018-06-25T10:51:46Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/15710
url http://hdl.handle.net/10400.5/15710
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Xepapadeas, Anastasios e Catarina Roseta-Palma (2013). "Instabilities and robust control in natural resource management". Portuguese Economic Journal, 12(3):161-180
1617-982X (print)
10.1007/s10258-013-0092-0
dc.rights.driver.fl_str_mv metadata only access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Verlag
publisher.none.fl_str_mv Springer Verlag
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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