Species preservation and biodiversity value: a real options approach

DOI10.1016/J.JEEM.2003.11.005zbMath1057.92052OpenAlexW1985375565MaRDI QIDQ1765125

Pierre Lasserre, Ilhem Kassar

Publication date: 23 February 2005

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

Full work available at URL: https://depot.erudit.org/id/000124dd

zbMATH Keywords

Bellman equationBrownian motionReal optionsOption valueAssetsSpeciesBiodiversityBiological portfolioMarginal valueSubstitutability

Mathematics Subject Classification ID

Dynamical systems in biology (37N25) Ecology (92D40) Applications of Brownian motions and diffusion theory (population genetics, absorption problems, etc.) (60J70)

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Asset retirement with infinitely repeated alternative replacements: harvest age and species choice in forestry ⋮ Land conversion pace under uncertainty and irreversibility: too fast or too slow? ⋮ Mitigating global warming: a real options approach ⋮ The role of spatial scale in the timing of uncertain environmental policy ⋮ ENVIRONMENTAL CHANGE AND THE CONTRIBUTION OF BIODIVERSITY TO ECOSYSTEM ADAPTATION ⋮ Optimal conservation, extinction debt, and the augmented quasi-option value

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