Archive | 2019
Effects of substitutability and asymmetry on natural resource management with centralized governance structure
Abstract
Many resource management studies focus on one resource. Humans, however, rely on multiple resources in a complicated way. A person may derive more well-being from one unit of a resource than from another; one resource may be substituted by another to some degree. How should one manage such coupled natural-human systems? In this work, we build on recent research that focuses on developing conceptual frameworks and mathematical models to understand such interactions. The multiple resource condition injects the concept of substitutability into models of coupled human-natural systems and affects how such systems should be governed. Substitutability has been mostly mentioned in the field of economics for a substitution of natural and human capitals. Similarly, one resource may substitute for other scarce resources in coupled human-natural systems since some of these resources are not completely independent. In this study, we revise and expand an existing conceptual framework to include two natural resources, r...