Capital Investment for Optimal Exploitation of Renewable Resource Stocks in the Age of Global Change

The world is rapidly changing, and biotic resources and their users are adapting. Determining how ecological and economic interactions determine the outcomes of this adaptation is critical to understanding the future of natural resources. We model a two-species fisheries as a stylized system to investigate the adaptation strategies of a harvester faced with shifting species composition in an ecological community. We explore how interspecies...