Irreversibility and uncertainty in species valuation

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...

书目详细资料
主要作者:	Brooks, Eileen L.
其他作者:	Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research.
格式:	Working Paper
出版:	MIT Center for Energy and Environmental Policy Research 2009
在线阅读:	http://hdl.handle.net/1721.1/50220

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