全球智库信息集成服务系统(G2TT): Land Conversion Pace under Uncertainty and Irreversibility: too fast or too slow?

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Land Conversion Pace under Uncertainty and Irreversibility: too fast or too slow?
	Luca Di Corato; Michele Moretto; Sergio Vergalli
发表日期	2011
出处	Climate Change and Sustainable Development
出版年	2011
语种	英语
摘要	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 deforestation and reduces expected time for total conversion in the long run. Finally, we illustrate our findings through some numerical simulations. Suggested citation: Luca Di Corato, Michele Moretto, Sergio Vergalli, Land conversion pace under uncertainty and irreversibility: too fast or too slow?, Journal of Economics, September 2013, Volume 110, Issue 1, pp 45-82, http://rd.springer.com/article/10.1007%2Fs00712-013-0348-2
特色分类	C61;D81;Q24;Q58
关键词	Optimal Stopping Deforestation Payments for Environmental Services Natural Resources Management
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/land-conversion-pace-under-uncertainty-and-irreversibility-too-fast-or-too-slow/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/117919
推荐引用方式 GB/T 7714	Luca Di Corato,Michele Moretto,Sergio Vergalli. Land Conversion Pace under Uncertainty and Irreversibility: too fast or too slow?. 2011.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
201111251012151Nota_（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
201111251016484NDL20（703KB）	智库出版物		限制开放	CC BY-NC-SA	浏览