全球智库信息集成服务系统(G2TT): Optimal Conservation Policy Under Imperfect Intergenerational Altruism

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Optimal Conservation Policy Under Imperfect Intergenerational Altruism
	Luca Di Corato
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 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.
特色分类	D81;C70;Q23;Q58
关键词	Imperfect Altruism Real Options Hyperbolic Discounting Time Inconsistency Natural Resources Management
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/optimal-conservation-policy-under-imperfect-intergenerational-altruism/
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/117934
推荐引用方式 GB/T 7714	Luca Di Corato. Optimal Conservation Policy Under Imperfect Intergenerational Altruism. 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
2011121954251Nota_di（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
2011121954404NDL2011（317KB）	智库出版物		限制开放	CC BY-NC-SA	浏览