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Title | Type |
|---|---|
Resource Dynamics Under Harvest and Sunk Cost Effects | Model |
| This is a simple model for resource dynamics under harvest. The authors added expected effects of investment in fixed structures on the dynamics of settlement. These sunk-cost effects are not included in this simple model.The authors introduce a model of logictically regrowing resource exploited by a consumer. There is only one variable, which is level of local renewable sources. Parameters are: local renewable resources (R), settlement of humans (H), maximum growth rate (g), maximum level of... | 29 Nov 2017 |