Overall, this is an appealing work for students and professionals,
and is certain to remain as one of the key works in natural
resource analysis.
"--Mathematical Reviews"
Biological renewable resources, essential to the survival of
mankind, are increasingly overexploited by individuals and
corporations that often sacrifice long-term economic health and
sustainability for short-term gains. "Mathematical Bioeconomics:
The Mathematics of Conservation, Third Edition" analyzes the
economic forces underlying these misuses of renewable resources and
discusses more effective methods of resource management. Promoting
a complete understanding of general principles, the book allows
readers to discover how rigorous mathematical models that
incorporate both economic and biological factors should replace
intuitive arguments for conservation and sustainability.
This "Third Edition" continues to combine methodologies from the
fields of economics, biology, and mathematics to explain how
analytic models are essential for developing a complete
understanding of complex resource systems. The book has been
updated to address the need for incorporating individual economic
incentives, the value of diversity, and the overriding importance
of uncertainty in mathematical models. Coverage of game theory,
overcapacity, uncertainty, and risk analysis has been added as well
a expanded treatment of topics such as: Models of individual
harvest behavior and economic incentivesResponse of individual
harvester to various types of harvesting regulationsReasons
underlying excess harvesting capacityExternalities in resource
harvesting industriesDecision analysis in biological resource
management
Fundamental concepts of population dynamics and economics are
utilized throughout the book while mathematical techniques are
incorporated in an accessible manner. Relevant data from current
research sheds light on the presented material, and exercises
provide readers with an opportunity to test comprehension of
discussed mathematical methods and techniques.
Continuing to provide a complete and modernized presentation of
the fundamental principles of the topic, "Mathematical
Bioeconomics, Third Edition" is an excellent book for courses on
applied mathematics, resource management, and environmental studies
at the upper-undergraduate and graduate levels. It also serves as
an insightful reference for resource managers, ecologists,
biologists, and other professionals who work to improve the
management of renewable resources and develop sustainable practices
in the environmental sciences.
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