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Abstract Conrad (2018) offers a real option model to analyze conservation policy for endangered species. However, the proposed solution does not characterize the optimal intervention policy. We present the optimal… Click to show full abstract
Abstract Conrad (2018) offers a real option model to analyze conservation policy for endangered species. However, the proposed solution does not characterize the optimal intervention policy. We present the optimal solution and briefly illustrate its implications for the California condor case studied in Conrad (2018). Using an extended model, we further examine how operational flexibility affects the optimal intervention policy and the value of intervention option.
Keywords:
real options;
intervention;
policy;
comment real;
options endangered;
endangered species
Journal Title: Ecological Economics
Year Published: 2021
Link to full text (if available)
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Journal Title: Ecological Economics
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!