Optimal Harvest Licensing when Harvest Success is Uncertain

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Optimal Harvest Licensing when Harvest Success is Uncertain. / Hussain, Abul Maala Tanvir; Tschirhart, John.
In: American Journal of Agricultural Economics, Vol. 92, No. 1, 01.2010, p. 125-140.

Research output: Journal contributionsJournal articlesResearchpeer-review

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@article{c90fc2e6e4a547aab6bc237781b4640d,
title = "Optimal Harvest Licensing when Harvest Success is Uncertain",
abstract = "Optimal harvests using individual licenses are determined given that a licensee's probabilities of procuring a license and harvesting successfully are less than one. Probabilities are dependent on the resource stock and the number of licenses, and licensees benefit from the harvesting experience itself. Recreational fishing and hunting are applications. The optimum stock may be greater or less than the maximum sustained yield stock, and investing in more stock decreases licenses but increases licensees' success. The optima depend on whether the license agency views applicants as dedicated or social, where the latter are relatively more interested in procuring a license than in a successful harvest.",
keywords = "Sustainability sciences, Management & Economics, optimal harvests, recreational licenses, uncertain harvest success, Sustainability Science, optimal harvests, recreational licenses, uncertain harvest success",
author = "Hussain, {Abul Maala Tanvir} and John Tschirhart",
year = "2010",
month = jan,
doi = "10.1093/ajae/aap019",
language = "English",
volume = "92",
pages = "125--140",
journal = "American Journal of Agricultural Economics",
issn = "0002-9092",
publisher = "Oxford University Press",
number = "1",

}

RIS

TY - JOUR

T1 - Optimal Harvest Licensing when Harvest Success is Uncertain

AU - Hussain, Abul Maala Tanvir

AU - Tschirhart, John

PY - 2010/1

Y1 - 2010/1

N2 - Optimal harvests using individual licenses are determined given that a licensee's probabilities of procuring a license and harvesting successfully are less than one. Probabilities are dependent on the resource stock and the number of licenses, and licensees benefit from the harvesting experience itself. Recreational fishing and hunting are applications. The optimum stock may be greater or less than the maximum sustained yield stock, and investing in more stock decreases licenses but increases licensees' success. The optima depend on whether the license agency views applicants as dedicated or social, where the latter are relatively more interested in procuring a license than in a successful harvest.

AB - Optimal harvests using individual licenses are determined given that a licensee's probabilities of procuring a license and harvesting successfully are less than one. Probabilities are dependent on the resource stock and the number of licenses, and licensees benefit from the harvesting experience itself. Recreational fishing and hunting are applications. The optimum stock may be greater or less than the maximum sustained yield stock, and investing in more stock decreases licenses but increases licensees' success. The optima depend on whether the license agency views applicants as dedicated or social, where the latter are relatively more interested in procuring a license than in a successful harvest.

KW - Sustainability sciences, Management & Economics

KW - optimal harvests

KW - recreational licenses

KW - uncertain harvest success

KW - Sustainability Science

KW - optimal harvests

KW - recreational licenses

KW - uncertain harvest success

UR - http://www.scopus.com/inward/record.url?scp=77956603765&partnerID=8YFLogxK

U2 - 10.1093/ajae/aap019

DO - 10.1093/ajae/aap019

M3 - Journal articles

VL - 92

SP - 125

EP - 140

JO - American Journal of Agricultural Economics

JF - American Journal of Agricultural Economics

SN - 0002-9092

IS - 1

ER -

DOI