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Lecture Notes for AGEC 350: Sustainable Yield and Efficient Resource Management, Study notes of Agricultural engineering

Texas A&M University (A&M)Agricultural engineering

Lecture notes for agec 350, focusing on sustainable yield, efficient resource management, and the impact of harvesting policies on fisheries. It includes questions based on tietenberg's pages 286-311 and additional readings about crab and lobster fisheries.

Typology: Study notes

Pre 2010

Uploaded on 02/10/2009

koofers-user-dki-1 🇺🇸

10 documents

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Download Lecture Notes for AGEC 350: Sustainable Yield and Efficient Resource Management and more Study notes Agricultural engineering in PDF only on Docsity! 1 AGEC 350 Reading Lecture #15, Nov. 2, 2006 Questions based on the Tietenberg pages 286-311 1. The figure below is similar to figure13.1 0 100 200 300 400 a. Label the axes correctly in the figure b. What is the meaning of the height of the curve when the horizontal axis is at 200? c. If the stock is at 100 in one period, what would be the stock next period? d. What is the natural equilibrium in this model? Why is this the equilibrium? 2. What is meant by a “sustainable yield”? 3. Using the model presented in Figure 13.2, explain why achieving the maximum sustainable yield not efficient? 4. Show on a graph how the static efficient sustainable yield would change if the cost of harvesting were to increase? 5. Are “open-access resources” and “common-property resources” synonymous?

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