RT Journal Article
SR Electronic
T1 Cost-effective Recovery of an Endangered Species: The Red-cockaded Woodpecker
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 649
OP 667
DO 10.3368/le.90.4.649
VO 90
IS 4
A1 Ryan M. Finseth
A1 Jon M. Conrad
YR 2014
UL http://le.uwpress.org/content/90/4/649.abstract
AB 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)