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Invasive species policy is an economic issue. People affect the spread of invasive species, and these invaders affect people. This review discusses bioeconomic modeling using endogenous risk theory to capture the idea of jointly determined ecological and economic systems. This perspective adds...
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Endangered species are in predator/prey, mutualistic, competitive, or other types of relationships with many other species that share their habitat. Understanding these ecological relationships is an important part of designing endangered species policies. We employ a general equilibrium model...
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The theory for a general equilibrium ecosystem model that can include large number of interacting species is presented. Features include: 1) individual plants and animals are assumed to behave as if they are maximizing their net energy intake, 2) short and long-run equilibriums are obtained, 3)...
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