Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53198
Authors: 
Di Corato, Luca
Moretto, Michele
Vergalli, Sergio
Year of Publication: 
2010
Series/Report no.: 
Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 160.2010
Abstract: 
In this paper stochastic dynamic programming is used to investigate habitat conservation 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 analytically determine the impact of uncertainty and optimal policy conversion dynamics and discuss different policy scenarios on the basis of the relative long-run expected rate of deforestation. Finally, some numerical simulations are provided to illustrate our findings.
Subjects: 
Optimal Stopping
Deforestation
Payments For Environmental Services
Natural
JEL: 
C61
D81
Q24
Q58
Document Type: 
Working Paper

Files in This Item:
File
Size
814.48 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.