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to 2050 under conditions of uncertainty. We note that there is a trade-off between sequestration and alternative uses of … than when they were unconcerned with uncertainty. Policy makers’ risk attitudes affect forest management strategy primarily …. Excluding wood products from a climate strategy can be expensive if policy maker are insensitive to uncertainty. …
Persistent link: https://www.econbiz.de/10010818602
is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …
Persistent link: https://www.econbiz.de/10011305430
Abstract I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates...
Persistent link: https://www.econbiz.de/10011092719
-making under conditions of extreme uncertainty, to examine the conditions under which technology incentives should be a key … potential adopters can reduce their uncertainty about the performance of new technologies by querying the experience of other …
Persistent link: https://www.econbiz.de/10005835929
, clean technological progress, as well as uncertainty about climatic and economic factors, lead to lower emissions and … relative to a 'straw man' model with perfect capital mobility, fixed abatement costs and no uncertainty. …
Persistent link: https://www.econbiz.de/10013472310
Persistent link: https://www.econbiz.de/10012653153
Indigenous fruits contribute widely to rural incomes in Southern Africa but their availability is declining. A domestication program aims to increase farm-household income and conserve biodiversity through farmer-led tree planting. Planting domesticated indigenous fruit trees is an uncertain,...
Persistent link: https://www.econbiz.de/10010295985
Indigenous fruits contribute widely to rural incomes in Southern Africa but their availability is declining. A domestication program aims to increase farm-household income and conserve biodiversity through farmer-led tree planting. Planting domesticated indigenous fruit trees is an uncertain,...
Persistent link: https://www.econbiz.de/10005082739
We comment on four aspects of Albers' [1] model of ecological constraints on tropical forest management. Albers structures her model in a highly asymmetric manner, with strong, uniform biases against development and in favor of preservation. Despite Albers' repeated claims that her model is...
Persistent link: https://www.econbiz.de/10005135375
Tropical forests are estimated to release approximately 1.7 PgC per year as a result of deforestation. Avoiding tropical deforestation could potentially play a significant role in carbon mitigation over the next 50 years if not longer. Many policymakers and negotiators are skeptical of our...
Persistent link: https://www.econbiz.de/10005407780