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...

Economic literature on groundwater managementhas traditionally been split into two areas: there are papers that evaluate different schemes of dynamicaquifer management, considering that pumping costs vary with stock but ignoring water quality. On the other hand, there are papers that...

Models of economic growth are typically based on the use of one or more stocks of productive assets to create goods for utility-generating consumption. The roles played by man-made capital, natural capital, and human capital have been explored in the literature, and more recently the notion of...