Land conversion pace under uncertainty and irreversibility: too fast or too slow?

DOI10.1007/S00712-013-0348-2MaRDI QIDQ403758zbMATHOpenAlexFDO

Authors Luca Di Corato, Michele Moretto, Sergio Vergalli

Publication date 29 August 2014

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://ageconsearch.umn.edu/record/119107/files/NDL2011-084.pdf

zbMATH Keywords

optimal stoppingnatural resources managementdeforestationpayments for environmental services

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Dynamic programming (90C39) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Stochastic programming (90C15)

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Cites work

• scientific article; zbMATH DE number 4078444 (Why is no real title available?)
• Competitive Profits in the Long Run
• Entry, Exit, and firm Dynamics in Long Run Equilibrium
• Investment Under Uncertainty
• Irreversible investment under uncertainty in oligopoly
• Land conversion pace under uncertainty and irreversibility: too fast or too slow?
• Optimal conservation, extinction debt, and the augmented quasi-option value
• Optimal partially reversible investment
• Options, uncertainty and sunk costs: an empirical analysis of land use change.
• Selection and the Evolution of Industry
• Species preservation and biodiversity value: a real options approach
• The tree-cutting problem in a stochastic environment: The case of age- dependent growth
• Uncertainty, Investment, and Industry Evolution
• Voluntary conservation of endangered species: when does no regulatory assurance mean no conservation?
• Voluntary environmental agreements: Good or bad news for environmental protection?

Cited in

(9)

• Production externalities and investment caps: a welfare analysis under uncertainty
• Integrating stochastic programming and decision tree techniques in land conversion problems
• The role of spatial scale in the timing of uncertain environmental policy
• Options, uncertainty and sunk costs: an empirical analysis of land use change.
• The stochastic mitra-wan forestry model: risk neutral and risk averse cases
• Uncertain irreversibility, information, and transformation costs
• Editorial: The economics of irreversible choices
• Land conversion pace under uncertainty and irreversibility: too fast or too slow?
• Farmland allocation in the conversion from conventional to organic farming

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