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The recent common feeling about a skyrocketing economic risk has drawn increasing attention to its role and …
Persistent link: https://www.econbiz.de/10009277293
The paper focuses on forests management strategies for natural hazards of nonindustrial owners, in the case where the forest provides nontimber services. We introduce a basic two-period model where the private owner manages natural hazards on his forest thanks to the accumulation of savings on...
Persistent link: https://www.econbiz.de/10005789828