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	Provedor de dados AgEcon (2) Autor Di Corato, Luca (2) Palavra-chave C70 (2) D81 (2) Hyperbolic Discounting (2) Natural Resources Management (2) Q23 (2) Q58 (2) Real Options (2) Time Inconsistency (2) Imperfect Altruism (1) Imperfect altruism (1) Research Methods/ Statistical Methods (1) Resource /Energy Economics and Policy (1) Mais... Tipo do documento Conference Paper or Presentation (1) Working Paper (1) Ano 2011 (2) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última Optimal Conservation Policy under Imperfect Intergenerational Altruism AgEcon Di Corato, Luca. In this paper we study the optimal forest conservation policy by a hyperbolically discounting society. Society comprises a series of non-overlapping imperfectly altruistic generations each represented by its own government. Under uncertainty about future pay-offs we determine, as solution of an intergenerational dynamic game, the optimal timing of irreversible harvest. Earlier harvest occurs and the option value attached to the forest clearing decision is eroded under both the assumptions of naïve and sophisticated belief about future time-preferences. This results in a bias toward the current generation gratification which affects the intergenerational allocation of benefits and costs from harvesting and conserving a natural forest. Tipo: Conference Paper or Presentation Palavras-chave: Imperfect altruism; Real Options; Hyperbolic Discounting; Time Inconsistency; Natural Resources Management; Resource /Energy Economics and Policy; D81; C70; Q23; Q58. Ano: 2011 URL: http://purl.umn.edu/114440 Optimal Conservation Policy Under Imperfect Intergenerational Altruism AgEcon Di Corato, Luca. In this paper we study the optimal forest conservation policy by a hyperbolically discounting society. Society comprises a series of non-overlapping imperfectly altruistic generations each represented by its own government. Under uncertainty about future pay-offs we determine, as solution of an intergenerational dynamic game, the optimal timing of irreversible harvest. Earlier harvest occurs and the option value attached to the forest clearing decision is eroded under both the assumptions of naïve and sophisticated belief about future time-preferences. This results in a bias toward the current generation gratification which affects the intergenerational allocation of benefits and costs from harvesting and conserving a natural forest. Tipo: Working Paper Palavras-chave: Imperfect Altruism; Real Options; Hyperbolic Discounting; Time Inconsistency; Natural Resources Management; Research Methods/ Statistical Methods; D81; C70; Q23; Q58. Ano: 2011 URL: http://purl.umn.edu/120022 Registros recuperados: 2 Primeira ... 1 ... Última

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