Endogenous Risk and Habitat Loss from Climate Change: An Application to Seal Management after the November Rain
研究了气候变化对资源随机增长的影响，发现天气事件方差变化对濒危物种管理至关重要，并应用于北大西洋竖琴海豹案例，表明考虑栖息地均值减少和变异性增加会改变保护激励。
The role of climate change on stochastic resource growth has yet to be analyzed in a bioeconomic setting, which is important given that increased weather variability is a key climate change feature. We construct a bioeconomic analysis in which mean and variance impacts of climate change produce multiple elements—population stochasticity, mean habitat loss, and greater habitat variability—impacting the riskiness of resource management. Our results show that change in the variance of weather events is an important consideration for managing at-risk species and may create countervailing conservation incentives relative to considering only mean impacts. We apply our analysis to North Atlantic harp seals, which are uniquely susceptible to climate change, as they require sea ice to breed and raise their pups. Harp seal conservation incentives and negative economic impacts of habitat loss are tempered when accounting for both reduced mean sea ice levels and increased sea ice variability.