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	Provedor de dados AgEcon (3) Autor Di Corato, Luca (3) Moretto, Michele (1) Vergalli, Sergio (1) Palavra-chave D81 (3) Natural Resources Management (3) Q58 (3) C70 (2) Hyperbolic Discounting (2) Q23 (2) Real Options (2) Time Inconsistency (2) C61 (1) Deforestation (1) Imperfect Altruism (1) Imperfect altruism (1) Optimal Stopping (1) Payments for Environmental Services (1) Q24 (1) Research Methods/ Statistical Methods (1) Resource /Energy Economics and Policy (1) Risk and Uncertainty (1) Mais... Tipo do documento Working Paper (2) Conference Paper or Presentation (1) Ano 2011 (3) País United States (3) Idioma Inglês (3)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 3 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 Land Conversion Pace under Uncertainty and Irreversibility: too fast or too slow? AgEcon Di Corato, Luca; Moretto, Michele; Vergalli, Sergio. In this paper stochastic dynamic programming is used to investigate land conversion decisions taken 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 study the impact of uncertainty on the optimal conversion policy and discuss conversion dynamics under different policy scenarios on the basis of the relative long-run expected rate of deforestation. Interestingly, we show that uncertainty, even if it induces conversion postponement in the short-run, increases the average rate of... Tipo: Working Paper Palavras-chave: Optimal Stopping; Deforestation; Payments for Environmental Services; Natural Resources Management; Risk and Uncertainty; C61; D81; Q24; Q58. Ano: 2011 URL: http://purl.umn.edu/119107 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: 3 Primeira ... 1 ... Última

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