Di Corato, Luca
- Institutionen för ekonomi, Sveriges lantbruksuniversitet
Sammanfattning
In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion under competition on the market for agricultural products when voluntary and mandatory measures are combined by the Government to induce adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy conversion dynamics and discuss different policy scenarios on the basis of the relative long-run expected rate of deforestation. Finally, some numerical simulations are provided to illustrate our findings
Nyckelord
optimal stopping; deforestation; payments for environmental services; natural resources management
Publicerad i
Note di lavoro della Fondazione ENI Enrico Mattei
2010, nummer: 160.2010
Utgivare: Fondazione ENI Enrico Mattei
SLU författare
UKÄ forskningsämne
Miljö- och naturvårdsvetenskap
Skogsvetenskap
Permanent länk till denna sida (URI)
https://res.slu.se/id/publ/35709