@article {stavins_alternative_1990,
	title = {Alternative Renewable Resource Strategies: A Simulation of Optimal Use},
	journal = {Journal of Environmental Economics and Management},
	volume = {19},
	year = {1990},
	note = {A-5},
	month = {sep},
	pages = {143{\textendash}159},
	abstract = {The depletion of forested wetlands is a pressing environmental concern, but has wetland depletion and conversion to agricultural cropland been excessive? A dynamic analysis of resource exploitation in the presence of environmental consequences is required. The structure and parameters of a model of socially optimal wetland use are found to bear a well-defined relationship to those which emerge from a private-market model of wetland exploitation, providing a basis for internalizing environmental externalities and for identifying optimal resource-exploitation strategies. Empirical analysis focuses on the area of severest wetland losses in the United States, the Lower Mississippi Alluvial Plain.},
	issn = {0095-0696},
	doi = {10.1016/0095-0696(90)90065-7},
	url = {http://www.sciencedirect.com/science/article/pii/0095069690900657},
	author = {Robert N. Stavins}
}
