@article {Finseth649, author = {Ryan M. Finseth and Jon M. Conrad}, title = {Cost-effective Recovery of an Endangered Species: The Red-cockaded Woodpecker}, volume = {90}, number = {4}, pages = {649--667}, year = {2014}, doi = {10.3368/le.90.4.649}, publisher = {University of Wisconsin Press}, abstract = {A model for the recovery of an endangered species is developed and applied to the red-cockaded woodpecker (Picoides borealis), a species once abundant in the southeastern United States. There is a finite set of recovery actions that might be implemented in each period, with the goal of reaching a population target at some future date. Dynamic programming is used to solve deterministic and stochastic versions of the model. Least-cost recovery plans are found for the deterministic problem where it is possible to attain a population target with certainty. For the stochastic problem, least-cost, adaptive actions are identified. (JEL Q24, Q28)}, issn = {0023-7639}, URL = {https://le.uwpress.org/content/90/4/649}, eprint = {https://le.uwpress.org/content/90/4/649.full.pdf}, journal = {Land Economics} }