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Export Reference (APA) 
A. Xepapadeas & Roseta-Palma, C. (2013). Instabilities and robust control in natural resource management. Portuguese Economic Journal. 12 (3), 1-20
Export Reference (IEEE) 
A. Xepapadeas and M. C. Palma,  "Instabilities and robust control in natural resource management", in Portuguese Economic Journal, vol. 12, no. 3, pp. 1-20, 2013
Export BibTeX 
@article{xepapadeas2013_1766261316507,
	author = "A. Xepapadeas and Roseta-Palma, C.",
	title = "Instabilities and robust control in natural resource management",
	journal = "Portuguese Economic Journal",
	year = "2013",
	volume = "12",
	number = "3",
	doi = "10.1007/s10258-013-0092-0",
	pages = "1-20",
	url = "http://www.scopus.com/inward/record.url?eid=2-s2.0-84880666012&partnerID=MN8TOARS"
}
Export RIS 
TY  - JOUR
TI  - Instabilities and robust control in natural resource management
T2  - Portuguese Economic Journal
VL  - 12
IS  - 3
AU  - A. Xepapadeas
AU  - Roseta-Palma, C.
PY  - 2013
SP  - 1-20
SN  - 1617-982X
DO  - 10.1007/s10258-013-0092-0
UR  - http://www.scopus.com/inward/record.url?eid=2-s2.0-84880666012&partnerID=MN8TOARS
AB  - Most renewable natural resources exhibit marked demographic and environmental stochasticities, which are exarcebated in management decisions by the uncertainty regarding the choice of an appropriate model to describe system dynamics. Moreover, demand and supply analysis often indicates the presence of instabilities and multiple equilibria, which may lead to management problems that are intensified by uncertainty on the evolution of the resource stock. In this paper the fishery management problem is used as an example to explore the potential of robust optimal control, where the objective is to choose a harvesting rule that will work under a range of admissible specifications for the stock-recruitment equation. The paper derives robust harvesting rules leading to a unique equilibrium, which could be helpful in the design of policy instruments such as robust quota systems.
ER  -