The DOI matches its Crossref record.
Profit Maximization and the Extinction of Animal Species
Abstract
In this paper I construct and analyze a simple mathematical model for the commercial exploitation of a natural animal population. The model takes into account the response of the population to harvesting pressure, the increasing harvesting costs associated with decreasing population levels, and the preference of the harvesters for present over future revenues. The principal conclusion of the analysis is that, depending on certain easily stated biological and economic conditions, extermination of the entire population may appear as the most attractive policy, even to an individual resource owner.
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Citations
Cited by
Soil “ecosystem” services and natural capital: critical appraisal of research on uncertain ground
Baveye, P. C., Baveye, J., & Gowdy, J. (2016) · Frontiers in Environmental Science · doi:10.3389/fenvs.2016.00041 · Cited by 446
Endangering the endangered: The effects of perceived rarity on species exploitation
Hall, R. J., Milner‐Gulland, E. J., & Courchamp, F. (2008) · Conservation Letters · doi:10.1111/j.1755-263x.2008.00013.x · Cited by 193
The conflict between humans and elephants in the central African forests
BARNES, R. F. W. (1996) · Mammal Review · doi:10.1111/j.1365-2907.1996.tb00147.x · Cited by 115
Bioeconomics and the bowhead whale
Conrad, J. M. (1989) · Journal of Political Economy · doi:10.1086/261637 · Cited by 37
Monson, M. (2023) · European Journal of Information Systems · doi:10.1080/0960085x.2021.1946442 · Cited by 21
Metadata
- Authors
- Clark, C. W.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1973-07
- Volume
- 81
- Issue
- 4
- Pages
- 950-961
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W1989449066
- Cited by
- 413
- References
- 0
- FWCI
- 27.68
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Profit Maximization and the Extinction of Animal Species. https://app.cochat.ai/papers/10.1086/260090
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- Clark, C. W. (1973). Profit Maximization and the Extinction of Animal Species. Journal of Political Economy. https://doi.org/10.1086/260090
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
