biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological … the extent of uncertainty and risk-aversion as follows: (i) Individual effort to improve ecosystem quality unambiguously …

biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological … the extent of uncertainty and risk-aversion as follows: (i) Individual effort to improve ecosystem quality unambiguously …

oligopoly characterized by a homogeneous non-storable good, sticky prices and uncertainty. Our model nests the classical dynamic …-time limit of our model with no uncertainty and no risk-aversion. Focusing on the continuous-time limit of the infinite horizon … inversely related to the degrees of uncertainty and risk-aversion. However, the effect of uncertainty and risk …

-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty …-term optimal grazing management strategy. We show that a risk averse farmer chooses a strategy such as to obtain insurance from the …