Modeling adaptation in multi-state resource systems

Baggio, Michele; Perrings, Charles

doi:10.1016/j.ecolecon.2015.05.016

Cited by 4 publications

(3 citation statements)

References 34 publications

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“…Good examples of studies cited therein include Knowler (2002), Thébaud et al (2014, and Guyader, Talidec, Macher, and Bertignac (2008). For additional examples of the PE approach see Waldo and Paulrud (2017), Kasulo and Perrings (2006), Huang and Perrings (2017), Xu, Brown, Moore, and Currie (2018), Perrings and Walker (1997), Baggio and Perrings (2015), and Erickson, Messner, and Ring (2007). In an interesting application of the PE approach, Quaas and Requate (2013) extend Conrad and Adu-Asamoah (1986) by focusing on consumer preferences for diversity in private consumption of different fish species.…”

Section: Literature Reviewmentioning

confidence: 99%

Measuring the bioeconomic impacts of prolonged drought on a lake ecosystem: The case of the Great Salt Lake, Utah

Caplan

2019

Natural Resource Modeling

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We present a general-equilibrium (GE) bioeconomic model of Utah's Great Salt Lake (GSL) ecosystem that tightly links the lake's ecosystem with its regional economy and attendant international trading partners, thereby enabling full identification of dynamic feedback effects in the presence of prolonged drought. The drought modeled here mimics a drying climate's impact on the lake's nutrient pool. We demonstrate how prolonged drought affects key bioeconomic variables over time, and how the GSL bioeconomy recovers toward a new steady state. We also consider how two separate fishery-specific regulatory tools-a temporary harvest moratorium and ad valorum tax on the fishery's factors of production-alter the bioeconomy's recovery path. Our main finding is that a fishery-specific regulation can induce perverse social-welfare effects in a GE context by inducing a shift of resources out of the fishery and into a sector of the economy that produces a negative externality, in our case pollution from the mining industry. These welfare effects are appraised with two different measures of equivalent variationone based on an initial benchmark period and the other on expenditure differences that roll through time. Our model further demonstrates how these perverse-welfare effects can be mitigated by imposing either an output or input tax on the mining industry.

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Section: Literature Reviewmentioning

confidence: 99%

Measuring the bioeconomic impacts of prolonged drought on a lake ecosystem: The case of the Great Salt Lake, Utah

Caplan

2019

Natural Resource Modeling

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“…Much attention has been given to study multi-state systems due to their wide applications in many areas such as engineering reliability, population dynamics, game theoretical models, and medicine [1,12,13,16]. Multi-state systems are common in network growth models, where the Matthew effect is present [15,18].…”

Section: Introductionmentioning

confidence: 99%

Assessment of a multi-state system under a shock model

Eryılmaz

2015

Applied Mathematics and Computation

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“…The conceptualization of multistate systems was initially propounded by the work of [13] in the year 1968. Subsequent to this seminal contribution, investigations into the realm of multi-state systems have been ongoing in fields, such as reliability theory, strategic decision theory, and health-care [1,16,17].…”

Section: Introductionmentioning

confidence: 99%

Analyzing the multi-state system under a run shock model

Ozkut,

Kan,

Franko

2024

Prob. Eng. Inf. Sci.

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A system experiences random shocks over time, with two critical levels, d1 and d2, where $d_{1} \lt d_{2}$ . k consecutive shocks with magnitudes between d1 and d2 partially damaging the system, causing it to transition to a lower, partially working state. Shocks with magnitudes above d2 have a catastrophic effect, resulting in complete failure. This theoretical framework gives rise to a multi-state system characterized by an indeterminate quantity of states. When the time between successive shocks follows a phase-type distribution, a detailed analysis of the system’s dynamic reliability properties such as the lifetime of the system, the time it spends in perfect functioning, as well as the total time it spends in partially working states are discussed.

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Modeling adaptation in multi-state resource systems

Cited by 4 publications

References 34 publications

Measuring the bioeconomic impacts of prolonged drought on a lake ecosystem: The case of the Great Salt Lake, Utah

Measuring the bioeconomic impacts of prolonged drought on a lake ecosystem: The case of the Great Salt Lake, Utah

Assessment of a multi-state system under a shock model

Analyzing the multi-state system under a run shock model

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