Renewable resources

Harvesting Natural Resources: Management and Conflicts, In common with G. Papageorgiou. MPRA Paper 24119, University Library of Munich, Germany

It is reasonable to consider the stock of any renewable resource as a capital stock and treat the exploitation of that resource in much the same way as one would treat accumulation of a capital stock. This has been done to some extent in earlier papers containing a discussion of this point of view. However, the analysis is much simpler than it appears in the literature especially since the interaction between markets and the natural biology dynamics has not been made clear.