Irreversibility and uncertainty in species valuation
This paper incorporates an option value into deforestation policy analysis. Similar to an option value in finance, the option value here reflects the advantage to delaying irreversible species extinction until more information about the uncertain value of species is known. The return from species is...
| প্রধান লেখক: | |
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| অন্যান্য লেখক: | |
| বিন্যাস: | Working Paper |
| প্রকাশিত: |
MIT Center for Energy and Environmental Policy Research
2009
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| অনলাইন ব্যবহার করুন: | http://hdl.handle.net/1721.1/50220 |