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This paper derives the optimal level of restorative efforts required to restore environments degraded by invasive species invasion. Specific attention is focused upon a case when the restoration efforts face the risk of failure through relapse of the restored environment. The level of restored...
Persistent link: https://www.econbiz.de/10005525859
Replaced with revised version of paper 12/15/05.
Persistent link: https://www.econbiz.de/10005476924
Data from a discrete choice experiment is used to investigate the implications of failing to account for attribute processing strategies (APSs). The research was designed to elicit the economic benefits associated with landscape restoration activities that were intended to remediate...
Persistent link: https://www.econbiz.de/10008465903
In the past year, climate change has moved from political controversy to political consensus; at least, in relation for price-based policies the need to limit emissions. Uncertainties remain but with both major parties proposing to develop an emissions trading regime, it is timely to highlight...
Persistent link: https://www.econbiz.de/10010879324
incorporates a state-contingent representation of uncertainty. The severity of the impact depends, in large measure, on the extent …
Persistent link: https://www.econbiz.de/10010879341
Climate change is likely to have substantial effects on irrigated agriculture. Extreme climate events such as droughts are likely to become more common. These patterns are evident in median projections of climate change for the Murray–Darling Basin in Australia. Understanding climate change...
Persistent link: https://www.econbiz.de/10010910954
of uncertainty, but remains controversial. This paper shows how the precautionary principle may be interpreted as a guide …
Persistent link: https://www.econbiz.de/10010910963
The supply of water for irrigation is subject to climatic and policy uncertainty. The object of the present paper is to … Murray–Darling Basin may be adapted to incorporate a state-contingent representation of uncertainty. Estimates showing the …
Persistent link: https://www.econbiz.de/10010910995
Climate change is likely to have substantial effects on irrigated agriculture. It is anticipated that many areas that are already dry will become drier, while areas that already receive high rainfall may experience further increases. Extreme climate events such as droughts are likely to become...
Persistent link: https://www.econbiz.de/10010911010
The paper consists of a summary of the main sources of uncertainty about climate change, and a discussion of the major … implications for economic analysis and the formulation of climate policy. Uncertainty typically implies that the optimal policy is …
Persistent link: https://www.econbiz.de/10010911018