Essays about: "Quasi-option Value"

Found 2 essays containing the words Quasi-option Value.

1. 1. The value of perfect information : application to the uncertain time lag of benefits from abatement in the Baltic Sea

   University essay from SLU/Dept. of Economics

   Author : Lanya Kawa; [2016]
   Keywords : abatement; eutrophication; irreversibility; quasi option value; value of information;

   Abstract : Eutrophication from nitrogen and phosphorus has damaged the Baltic Sea, leaving large sea bottom areas without biological life, thus changing the marine ecosystem, and triggering the growth of toxic algae. Despite efforts to curb this pollution, the sea remains eutrophic. READ MORE

3. 2. Intertemporal land allocation decision under uncertainty and hyperbolic discounting

   University essay from SLU/Dept. of Economics

   Author : Qi Wang; [2013]
   Keywords : Land Use Decision; Option Value; Quasi-option Value; Uncertainty; Standard Exponential Discounting; Hyperbolic Discounting; Quasi-hyperbolic Discounting;

   Abstract : Land is of prime importance for all the activities of human beings, and how to efficiently use the limited land resource has been a crucial issue ever since the earliest times of human society. Uncertainty and irreversibility are important issues related to land use change, and it has been shown by Mäler and Fisher (2005, p590-p592) that the replacement of stochastic variable by its expected value could result in inappropriate land use decisions. READ MORE