The economics of spatial-dynamic processes: Applications to renewable resources

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Progress and Challenges in Valuing Coastal and Marine Ecosystem Services (2012, background): “…marine ecosystem management in a variety of contexts, including determining optimal harvesting and marine reserve establishment (Brown and Roughgarden 1997; Costello and Polasky 2008; Sanchirico 2005; Sanchirico and Wilen 1999, 2002, 2005; Smith, Sanchirico, and Wilen 2009; Smith and Wilen 2003).”
NEW DIRECTIONS FOR URBAN ECONOMIC MODELS OF LAND USE CHANGE: INCORPORATING SPATIAL DYNAMICS AND HETEROGENEITY (2010, background): “It is useful to note that a process may be dynamic and spatially heterogeneous, but not a spatial dynamic process (Pickett et al., 2001; Smith, Sanchirico, and Wilen, 2009).”
Durable goods and long-run electricity demand: : Evidence from air conditioner purchase behavior (2014, background): “Using the first and second moments of the predicted errors from (13), bet , transition probabilities can be calculated for the range spanned by each bin of the dynamic variable, as in Tauchen (1986).”