. We show that: 1/ the harvesting rule, in the presence of amenity services and a random growth rate for forest, is smaller … substitutable tools for the management of natural hazards. However, our analysis predicts that the harvesting rule displays a …

probability of policy reversals and the risk of emissions rebounding.Our results are important for advancing the understanding …

model with a composite price. Using the long-term model an optimal harvesting problem is analyzed, which requires the … found to have a significant impact on land value and optimal harvesting decisions …

respect to reducing trihalomethanes (THMs) in their public drinking water system. THMs are an interesting environmental risk … to study. First they are a low-level risk created as a byproduct (via chlorination) of reducing the much larger risk of … magnitudes to respondents. Respondents were randomly assigned to different risk levels and statistical tests reject the …

support for the hypothesis that attitude to risk and attitude to ambiguity are two independent phenomena. In fact in this … experiment, decision-makers are both risk-seekers (i.e., the mean WTP for insurance is on average smaller than the expected value … of the loss) and ambiguity averse (i.e., the mean WTP for insurance is on average higher for an ambiguous risk than for a …