In industries characterized by frequent innovation and high productivity growth, substantial variation in produced quantity and input use may occur, leading to increased costs. An effect that has received little attention is that inefficiency can exacerbate environmental impacts. This effect is...

We present a bioeconomic analysis of the optimal long-term management of a genetic resource in the presence of selective harvesting. It is assumed that individuals possessing a particular gene have a lower natural mortality rate and are more valuable to capture. Highly selective harvesting may...