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World agricultural resources will be altered by climate change which will require both public and private actions. Global agriculture is affected by invasive alien pest and disease species and by severe weather such as sea-level rise flooding and drought. Rising sea levels will increase salinity...
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of deforestation. Interestingly, we show that uncertainty, even if it induces conversion postponement in the short …-run, increases the average rate of deforestation and reduces expected time for total conversion in the long run. Finally, we … illustrate our findings through some numerical simulations. -- Optimal Stopping ; Deforestation ; Payments for Environmental …
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