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The economics of spatial-dynamic processes: Applications to renewable resources

Publication ,  Journal Article
Smith, MD; Sanchirico, JN; Wilen, JE
Published in: Journal of Environmental Economics and Management
2009

Spatial-dynamic processes in renewable resource economics pose difficult conceptual, analytical, empirical, and institutional challenges that are distinct from either spatial or dynamic problems. We describe the challenges and conceptual approaches using both continuous and discrete depictions of space and summarize key findings. Using a metapopulation model of the fishery and simulated economic and ecological data, we show that it is possible in certain circumstances to recover both biological and economic parameters of a linked spatial-dynamic system from only economic data. We illustrate the application empirically with data from the Gulf of Mexico reef-fish fishery. We conclude with a discussion of key policy and institutional design issues involved in managing spatial-dynamic systems. © 2008 Elsevier Inc. All rights reserved.

Duke Scholars

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Published In

Journal of Environmental Economics and Management

DOI

ISSN

0095-0696

Publication Date

2009

Volume

57

Issue

1

Start / End Page

104 / 121

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management
 

Citation

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Smith, M. D., Sanchirico, J. N., & Wilen, J. E. (2009). The economics of spatial-dynamic processes: Applications to renewable resources. Journal of Environmental Economics and Management, 57(1), 104–121. https://doi.org/10.1016/j.jeem.2008.08.001
Smith, M. D., J. N. Sanchirico, and J. E. Wilen. “The economics of spatial-dynamic processes: Applications to renewable resources.” Journal of Environmental Economics and Management 57, no. 1 (2009): 104–21. https://doi.org/10.1016/j.jeem.2008.08.001.
Smith MD, Sanchirico JN, Wilen JE. The economics of spatial-dynamic processes: Applications to renewable resources. Journal of Environmental Economics and Management. 2009;57(1):104–21.
Smith, M. D., et al. “The economics of spatial-dynamic processes: Applications to renewable resources.” Journal of Environmental Economics and Management, vol. 57, no. 1, 2009, pp. 104–21. Scival, doi:10.1016/j.jeem.2008.08.001.
Smith MD, Sanchirico JN, Wilen JE. The economics of spatial-dynamic processes: Applications to renewable resources. Journal of Environmental Economics and Management. 2009;57(1):104–121.
Journal cover image

Published In

Journal of Environmental Economics and Management

DOI

ISSN

0095-0696

Publication Date

2009

Volume

57

Issue

1

Start / End Page

104 / 121

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management