Selected Figures 3 - FIX») + 2 'T 31" arr/ah p 0 1*...

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Unformatted text preview: FIX») + 2 'T 31" arr/ah p 0 1* 3c” 6- Bejjn a‘l" Ito) = 1"” En vusf :‘n ruovne So 1 increased Pram 3rf 'l‘o 1”" Consewenu - Svsl‘m‘nable baryon“ 1m 3 ram: F60) +911 (1%) L1. The Impact of the Size of the Discount Rate on Optimal Resource Management: The Case of Antarctic Baleen Whales Colin W. Clark, Bioeconomic Modeling, 1985 Antarctic baleen whales three sub species: blue, fin and sei, lumped together by International Whaling Commission (IWC) into blue whale equivalents— blue whale units (BWUs) Let x denote biomass in terms of BWUs With biological and cost data obtained from IWC, Clark made the following estimates. based on the type of dynamic economic model of the fishery studied by you. 5 (%) 10 20 XMSY * X (BWUs) 233,000 207,000 165,000 139,000 112,000 105,000 400,000 BWUS 200,000 BWUS 70,000 BWUS F(x*) (BWUs) 4860 4990 4850 4540 4040 3880 ...
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This note was uploaded on 03/24/2012 for the course ECON 472 taught by Professor Gordonmunro during the Spring '12 term at The University of British Columbia.

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Selected Figures 3 - FIX») + 2 'T 31" arr/ah p 0 1*...

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