Dynamic and stochastic analysis of environmental and natural resources

Yacov Tsur, Amos Zemel

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

12 Scopus citations

Abstract

Uncertainty affects the dynamic trade-offs of environmental and natural resource management in a variety of ways and forms. The uncertain responses to anthropogenic activities may be due to genuine stochastic processes that drive the evolution of the underlying natural systems or simply due to our poor understanding of these complex systems and their interactions with the exploitation policies. These interactions are of particular importance when the ecosystem response might involve irreversibility, so that unexpected undesirable outcomes cannot be undone after they are realized. In this chapter, we review the various sources of uncertainty, the methodologies developed to account for them, and the implications regarding the management of environmental and natural resources.

Original languageEnglish
Title of host publicationHandbook of Regional Science
PublisherSpringer Berlin Heidelberg
Pages929-949
Number of pages21
ISBN (Electronic)9783642234309
ISBN (Print)9783642234293
DOIs
StatePublished - 1 Jan 2014

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (all)
  • Business, Management and Accounting (all)

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