A Note on First Step Analysis and Rangeland Management Under Uncertainty

Journal of Arid Environments, Vol. 59, No. 1, pp. 159-166, 2004

Posted: 29 Jun 2004

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Abstract

Recently, Batabyal and Godfrey (2002) have used a discrete-time Markov chain model to analyze the problem of rangeland management under uncertainty. In the present note, I continue this line of inquiry. In particular, I first show how the technique of first step analysis can be used to derive a time based objective function for a range manager. Next, I discuss aspects of the decision problem faced by a range manager who wishes to optimize the above objective function and thereby minimize the cost to society from range desertification.

Keywords: Desertification, Markov Chain, Rangeland Management, Uncertainty

JEL Classification: D81, Q25

Suggested Citation

Batabyal, Amitrajeet A., A Note on First Step Analysis and Rangeland Management Under Uncertainty. Journal of Arid Environments, Vol. 59, No. 1, pp. 159-166, 2004, Available at SSRN: https://ssrn.com/abstract=559486

Amitrajeet A. Batabyal (Contact Author)

Rochester Institute of Technology ( email )

Department of Economics, RIT
92 Lomb Memorial Drive
Rochester, NY NEW YORK 14623-5604
United States
5853134063 (Phone)
5854755777 (Fax)

HOME PAGE: http://people.rit.edu/aabgsh

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