drastically reduces the extinction risk and increases forest value. Nous utilisons la méthode des options réelles pour déterminer …

In an attempt to examine the extent of risk faced by households under gender sensitive JFM programme in West Bengal …, this study suggests that JFM programme could reduce more risk related hardship for JFM households by their increase …

hazard rate. The hazard rate approach considers the risk that waiting for a reward (or the maturity of cash-fl ows) implies …. This risk can be considered as the fail of the system, the mortality of the population the project is intended for, or even …

This paper examines the effect of risk aversion on the optimal rotation age when the stumpage price is stochastic …. Using a mean-variance approach, we show that the optimal rotation age under risk aversion may be lower than, equal to, or … higher than the corresponding optimal rotation age under risk neutrality. Which of these cases holds true depends on the real …

risk management tool: CPR as risk-coping and risk-diversification mechanisms. It also compares two types of risk: risk on a … private project and risk on CPR investment by other community members. The theoretical predictions are empirically tested with … one. Our result clearly shows that risk reduction in the private project unambiguously decreases investment in the CPR …