We analyze a dynamic and stochastic ecological-economic model of grazing management in semi-arid range lands. The non-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty such as to maximize expected utility...

Ecologists and economists have noted that the stability property known as resilience has an asymptotic and a transient interpretation. Further, several recent studies have analyzed the asymptotic and the transient resilience of jointly determined ecological-economic systems. This...

For rangelands managed with spatial and temporal controls, [a] the long run expected net cost of management operations, [b] the long run rate at which grazing is moved from one paddock to another, and [c] the long run rate at which grazing has to be moved from one paddock to another because of...

Ecologists and economists have noted that the stability property known as resilience has an asymptotic and a transient interpretation. Further, several recent studies have analyzed the asymptotic and the transient resilience of jointly determined ecological-economic systems. This...

For rangelands managed with spatial and temporal controls, [a] the long run mean net cost of management operations, [b] the long run rate of moving grazing from one paddock to another, and [c] the long run rate of moving grazing between paddocks because of adverse environmental factors are...