under uncertainty about the value of environmental services and irreversible development. We study land conversion under … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …

landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion … Government to induce adequate participation in a conservation plan. We study the impact of uncertainty on the optimal conversion … of deforestation. Interestingly, we show that uncertainty, even if it induces conversion postponement in the short …

climate changes faster, and increases if uncertainty is higher. For long-lived investments, these effects reverse. This has …

with infinite horizon. Uncertainty comes from prices, which is summarized in a state variable that follows a Brownian …

The socioeconomic impact of pollution naturally comes with uncertainty due to, e.g., current new technological … scenario will be realised and the scientific debate is still open. This paper captures those two layers of uncertainty by …

We investigate within a continuous time setting how Knightian uncertainty characterized by k-ignorance affects the … optimal timing policies of a risk-neutral and uncertainty averse investor in the case where the exercise payoff is monotonic …. We prove that increased Knightian uncertainty unambiguously decreases the value of the optimal timing policy of an …

). -- Optimal stopping ; Ambiguity ; Uncertainty aversion …