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individual risk aversion and weather uncertainty could affect crop diversification decisions. This paper is concerned with … empirically assessing the effects of risk aversion and rainfall variability on farm level diversity. Unique panel data from … Ethiopia consisting of experimentally generated risk aversion measures combined with rainfall data are employed in the analysis …
Persistent link: https://www.econbiz.de/10010987495
of entry are the general absence of economic considerations and the severe uncertainty that surrounds invasive species …
Persistent link: https://www.econbiz.de/10008631367
We analyse the decision of an agent to invest in industrial activities characterized by two forms of uncertainty …: market size uncertainty and price uncertainty. We use bioenergy industries for an application of the model. Indeed, the … sector is confronted to both, an uncertainty in relation to the arrival of an activity relying on the implementation of …
Persistent link: https://www.econbiz.de/10010733801
, but (ii) consideration of uncertainty in growth increases total cost and delays establishment, and (iii) cost …
Persistent link: https://www.econbiz.de/10010743924
dioxides shows large variation in carbon sink value depending on risk discount. Under no uncertainty, the value can correspond … to 0.33% of total GDP in EU, but it declines due to the uncertainty associated with forest carbon sink and is zero for … climate policy depends on the uncertainty of carbon sinks in relation to other sources and on the importance of reaching …
Persistent link: https://www.econbiz.de/10010664289
uncertainty that has both economic and ecological roots. Public policies directed at invasive species typically lag their … detection. One possible explanation is the coupling of uncertainty with political and economic commitments creates an incentive … see approach often adopted by lawmakers and government agencies. The model shows that the source of uncertainty and degree …
Persistent link: https://www.econbiz.de/10011043435
over time in a sequential manner. The uncertainty of land development has been incorporated in a few dynamic reserve …
Persistent link: https://www.econbiz.de/10011043600
Complex dynamic systems can undergo changes in feedbacks between system components causing a rapid and persistent shift in system behavior (“regime shifts”), and potentially reduce welfare from declining provision of important ecosystem services. In this paper, we provide an analytical...
Persistent link: https://www.econbiz.de/10011051943
spatial distributions of conservation costs and benefits. Climate change creates unprecedented uncertainty about future land …. This paper contributes to the literature on the economics of conservation in the face of climate change uncertainty. It … less uncertainty. It explores the implications for portfolio recommendations of variation in the correlations between …
Persistent link: https://www.econbiz.de/10011076790
firms. We find that the relation between the use of performance pay in these firms and the environmental uncertainty they …
Persistent link: https://www.econbiz.de/10005627314