Panaceas and diversification of environmental policy.

@article{Brock2007PanaceasAD,
  title={Panaceas and diversification of environmental policy.},
  author={William A. Brock and Stephen R. Carpenter},
  journal={Proceedings of the National Academy of Sciences of the United States of America},
  year={2007},
  volume={104 39},
  pages={15206-11}
}
We consider panacea formation in the framework of adaptive learning and decision for social-ecological systems (SESs). Institutions for managing such systems must address multiple timescales of ecological change, as well as features of the social community in which the ecosystem policy problem is embedded. Response of the SES to each candidate institution must be modeled and treated as a stochastic process with unknown parameters to be estimated. A fundamental challenge is to design… CONTINUE READING
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