Matches in SemOpenAlex for { <https://semopenalex.org/work/W2721103621> ?p ?o ?g. }
Showing items 1 to 90 of
90
with 100 items per page.
- W2721103621 endingPage "372" @default.
- W2721103621 startingPage "335" @default.
- W2721103621 abstract "It has been recognized for some time that when cost‐benefit analysis is applied to irreversible environmental decisions, such as that of developing or preserving wilderness land, there can be an option value associated with the preservation decision, which arises when there is future uncertainty with respect to the benefits of development or preservation. In this paper the provenance of option value is examined and it is shown that an important cause is a special kind of uncertainty, viz. the possibility of reversals in direction of the relative valuations of wilderness land and developed land, a property we refer to as ditonicity. It is shown that the more ditonic the relative valuation process the greater the deviance between the certainty‐equivalence development policy and the stochastically optimal one, and thus by implication the greater the option value. In the two cases with zero ditonicity, when relative wilderness valuations always increase or always decrease (even though in a stochastic fashion), there is zero option value. The model used assumes that service flows from wilderness and developed land are size‐dependent, with future relative values known only in terms of a stochastic process, which can take jumps up or down of the same proportional size, at random times. Development can be partial or total and can occur in impulses at any time over an infinite time horizon." @default.
- W2721103621 created "2017-06-30" @default.
- W2721103621 creator A5036010172 @default.
- W2721103621 creator A5067148719 @default.
- W2721103621 date "1994-09-01" @default.
- W2721103621 modified "2023-10-08" @default.
- W2721103621 title "COST-BENEFIT ANALYSIS APPLIED TO WILDERNESS PRESERVATION-OPTION VALUE UNCERTAINTY AND DITONICITY" @default.
- W2721103621 cites W1964534415 @default.
- W2721103621 cites W1966635311 @default.
- W2721103621 cites W1970107123 @default.
- W2721103621 cites W1982426795 @default.
- W2721103621 cites W2001300132 @default.
- W2721103621 cites W2017049345 @default.
- W2721103621 cites W2028865758 @default.
- W2721103621 cites W2059293438 @default.
- W2721103621 cites W2065699488 @default.
- W2721103621 cites W2075106932 @default.
- W2721103621 cites W2077276897 @default.
- W2721103621 cites W2079458002 @default.
- W2721103621 cites W2123374249 @default.
- W2721103621 cites W2484696231 @default.
- W2721103621 cites W3122497466 @default.
- W2721103621 cites W3122864398 @default.
- W2721103621 doi "https://doi.org/10.1111/j.1939-7445.1994.tb00189.x" @default.
- W2721103621 hasPublicationYear "1994" @default.
- W2721103621 type Work @default.
- W2721103621 sameAs 2721103621 @default.
- W2721103621 citedByCount "1" @default.
- W2721103621 countsByYear W27211036212020 @default.
- W2721103621 crossrefType "journal-article" @default.
- W2721103621 hasAuthorship W2721103621A5036010172 @default.
- W2721103621 hasAuthorship W2721103621A5067148719 @default.
- W2721103621 hasConcept C10138342 @default.
- W2721103621 hasConcept C105795698 @default.
- W2721103621 hasConcept C118615104 @default.
- W2721103621 hasConcept C144237770 @default.
- W2721103621 hasConcept C149782125 @default.
- W2721103621 hasConcept C162324750 @default.
- W2721103621 hasConcept C169013144 @default.
- W2721103621 hasConcept C175444787 @default.
- W2721103621 hasConcept C186027771 @default.
- W2721103621 hasConcept C18903297 @default.
- W2721103621 hasConcept C22171661 @default.
- W2721103621 hasConcept C2776291640 @default.
- W2721103621 hasConcept C2778677346 @default.
- W2721103621 hasConcept C2780069185 @default.
- W2721103621 hasConcept C2780973918 @default.
- W2721103621 hasConcept C29122968 @default.
- W2721103621 hasConcept C33923547 @default.
- W2721103621 hasConcept C86803240 @default.
- W2721103621 hasConceptScore W2721103621C10138342 @default.
- W2721103621 hasConceptScore W2721103621C105795698 @default.
- W2721103621 hasConceptScore W2721103621C118615104 @default.
- W2721103621 hasConceptScore W2721103621C144237770 @default.
- W2721103621 hasConceptScore W2721103621C149782125 @default.
- W2721103621 hasConceptScore W2721103621C162324750 @default.
- W2721103621 hasConceptScore W2721103621C169013144 @default.
- W2721103621 hasConceptScore W2721103621C175444787 @default.
- W2721103621 hasConceptScore W2721103621C186027771 @default.
- W2721103621 hasConceptScore W2721103621C18903297 @default.
- W2721103621 hasConceptScore W2721103621C22171661 @default.
- W2721103621 hasConceptScore W2721103621C2776291640 @default.
- W2721103621 hasConceptScore W2721103621C2778677346 @default.
- W2721103621 hasConceptScore W2721103621C2780069185 @default.
- W2721103621 hasConceptScore W2721103621C2780973918 @default.
- W2721103621 hasConceptScore W2721103621C29122968 @default.
- W2721103621 hasConceptScore W2721103621C33923547 @default.
- W2721103621 hasConceptScore W2721103621C86803240 @default.
- W2721103621 hasFunder F4320334593 @default.
- W2721103621 hasIssue "4" @default.
- W2721103621 hasLocation W27211036211 @default.
- W2721103621 hasOpenAccess W2721103621 @default.
- W2721103621 hasPrimaryLocation W27211036211 @default.
- W2721103621 hasRelatedWork W1988228509 @default.
- W2721103621 hasRelatedWork W2074469605 @default.
- W2721103621 hasRelatedWork W2084625297 @default.
- W2721103621 hasRelatedWork W2157024987 @default.
- W2721103621 hasRelatedWork W2271342386 @default.
- W2721103621 hasRelatedWork W2319465713 @default.
- W2721103621 hasRelatedWork W2621459661 @default.
- W2721103621 hasRelatedWork W2950019092 @default.
- W2721103621 hasRelatedWork W3023866341 @default.
- W2721103621 hasRelatedWork W3031753297 @default.
- W2721103621 hasVolume "8" @default.
- W2721103621 isParatext "false" @default.
- W2721103621 isRetracted "false" @default.
- W2721103621 magId "2721103621" @default.
- W2721103621 workType "article" @default.