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...
| Tác giả chính: | |
|---|---|
| Tác giả khác: | |
| Định dạng: | Working Paper |
| Được phát hành: |
MIT Center for Energy and Environmental Policy Research
2009
|
| Truy cập trực tuyến: | http://hdl.handle.net/1721.1/50220 |