Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
959102 | Journal of Environmental Economics and Management | 2006 | 18 Pages |
Abstract
We investigate the application of 'singular-perturbation' reduction methods from the dynamical-systems literature to solve continuous-time multidimensional bioeconomic models resulting from integrating economics with increasingly complex biological structures. These methods reduce multidimensional solution space to the lower-dimensional subspace confining long-term dynamics. They arise naturally in problems with state variables evolving on widely disparate time scales. In particular, we demonstrate how the methods reduce the solution space of a linear-control specification-characterized by two state variables adjusting at widely disparate rates-to a single differential equation in the slow variable. All other system variables are determined by algebraic equations. We apply singular-perturbation methods to investigate the optimal management of pest resistance to pesticidal crops. The pest population evolves on a fast-time scale, while the population's genetic composition evolves on a slow-time scale. In comparison with past work, we can more fully characterize the continuous-time dynamics associated with a complex genetic specification.
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Authors
Kristine M. Grimsrud, Ray Huffaker,