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-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty … range land is given rest depending on the actual rainfall in that year. In a first step we determine the farmer’s short …
Persistent link: https://www.econbiz.de/10011422121
-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty … rangeland is given rest depending on the actual rainfall in that year. In a first step we determine the farmer's short …
Persistent link: https://www.econbiz.de/10010467001
the extent of uncertainty and risk-aversion as follows: (i) Individual effort to improve ecosystem quality unambiguously …
Persistent link: https://www.econbiz.de/10010468970
-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty … range land is given rest depending on the actual rainfall in that year. In a first step we determine the farmer’s short …
Persistent link: https://www.econbiz.de/10003246066
Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty … on the management cost, the assumed value of a good state and on the level of uncertainty regarding the ecological state …
Persistent link: https://www.econbiz.de/10014228294
This paper is an exposition of an experiment on revealed preferences, where we posit a novel discrete binary choice model. To estimate this model, we use general estimating equations or GEE. This is a methodology originating in biostatistics for estimating regression models with correlated data....
Persistent link: https://www.econbiz.de/10013056705
that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … that including uncertainty into the model tends to favour (long-lasting) mitigation with respect to (instantaneous …
Persistent link: https://www.econbiz.de/10011451547
A global crediting mechanism would enable developing countries without binding emissions reduction targets to participate in the international carbon market. Linking the framework on Reducing Emissions from Deforestation and Forest Degradation (REDD) as an offset program to major cap-and-trade...
Persistent link: https://www.econbiz.de/10013002109
that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … that including uncertainty into the model tends to favour (long-lasting) mitigation with respect to (instantaneous …
Persistent link: https://www.econbiz.de/10012997671
the extent of uncertainty and risk-aversion as follows: (i) Individual effort to improve ecosystem quality unambiguously …
Persistent link: https://www.econbiz.de/10012733992