Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...

Human (managerial) actions affect the survival probabilities of the keystone species of an ecological-economic system. In turn, the well-being of these keystone species translates into the well-being or the resilience of the underlying ecological-economic system. What are the theoretical...

Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...

Human (managerial) actions affect the survival probabilities of the keystone species of an ecological-economic system. In turn, the well-being of these keystone species translates into the well-being or the resilience of the underlying ecological-economic system. What are the theoretical...

We exploit the known links between natural habitats and biodiversity to pose and study the biodiversity conservation question as an optimal stopping problem. We extend the extant literature on this question by studying the role that autonomous and nonautonomous policies play in the decision to...