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An equilibrium model of habitat conservation under uncertainty and irreversibility
Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2010
In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion under competition on the market for agricultural products when...
Persistent link: https://www.econbiz.de/10008780408
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The rise and fall of the Great Fish Pact under endogenous risk of stock collapse
Walker, Adam N.; Weikard, Hans-Peter; Richter, Andries - 2015
Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an … endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that … offset the increased benefits from cooperation due to the presence of endogenous risk and the Great Fish Pact returns to …
Persistent link: https://www.econbiz.de/10011287058
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Renewable resources and waste recycling
Di Vita, Giuseppe - 2002
In this paper we consider an endogenous growth model in which, among other inputs, we consider a renewable resource and secondary materials. Using this analytical framework we explain the effects of waste recycling on the growth rate of the economy, that we take into account. The effects of...
Persistent link: https://www.econbiz.de/10011596205
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The finance uncertainty multiplier
Alfaro, Iván; Bloom, Nicholas; Lin, Xiaoji - 2018
We show how real and financial frictions amplify the impact of uncertainty shocks. We build a model with real frictions, and find adding financial frictions roughly doubles the impact of uncertainty shocks. Higher uncertainty alongside financial frictions induces the standard real-options...
Persistent link: https://www.econbiz.de/10011895833
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International environmental agreements under uncertainty : does the veil of uncertainty help?
Finus, Michael; Pintassilgo, Pedro - 2010
Na and Shin (1998) showed that the veil of uncertainty can be conducive to the success of self-enforcing international environmental agreements. Later papers confirmed this negative conclusion about the role of learning. In the light of intensified research efforts worldwide to reduce...
Persistent link: https://www.econbiz.de/10008732219
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The survival of the conformist : social pressure and renewable resource management
Tavoni, Alessandro; Schlüter, Maja; Levin, Simon Asher - 2010
; Common Pool Resource ; Evolutionary Game Theory ; Replicator Equation ; Agent-based Simulation ; Coupled Socio …
Persistent link: https://www.econbiz.de/10008746985
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Fixed instruments to cope with stock externalities : an experimental evaluation
Giordana, Gastón (contributor); Willinger, Marc (contributor) - 2007
Persistent link: https://www.econbiz.de/10003547166
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Time scale Externalities and the management of renewable resources
Vardas, Giannis; Xepapadeas, Anastasios - 2015
The evolution of renewable resources is characterized in many cases by different time scales where some state variables such as biomass, may evolve relatively faster than other state variables such as carrying capacity. Ignoring this time scale separation means that a slowly changing variable is...
Persistent link: https://www.econbiz.de/10010501940
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When is it optimal to exhaust a resource in a finite time?
Farzin, Yeganeh Hossein (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003361236
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Asymmetrik information og regulering af forurening
Frost, Hans; Jensen, Frank; Vestergaard, Niels - 1999
Persistent link: https://www.econbiz.de/10002011553