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In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …
Persistent link: https://www.econbiz.de/10008780408
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when future nonuse benefits of forest conservation are uncertain and increasing. The quasi-option value of maintaining … conservation incentives is substantial, our results indicate that a rising trend in future benefits and compensation by the …
Persistent link: https://www.econbiz.de/10014117779
In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …
Persistent link: https://www.econbiz.de/10013093986
In this paper we investigate land conversion in the presence of voluntary and mandatory habitat conservation policies …
Persistent link: https://www.econbiz.de/10013079306
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