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Options, uncertainty and sunk costs: an empirical analysis of land use change.

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Publication:1404951
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DOI10.1016/S0095-0696(02)00030-XzbMath1041.91514OpenAlexW1534171314MaRDI QIDQ1404951

Todd Schatzki

Publication date: 25 August 2003

Published in: Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0095-0696(02)00030-x


zbMATH Keywords

UncertaintyReal optionsLand use


Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)


Related Items (3)

Land conversion pace under uncertainty and irreversibility: too fast or too slow? ⋮ The spillover effects of biofuel policy on participation in the conservation reserve program ⋮ Adaptation to climate change: extreme events versus gradual changes







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