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Modeling Ecological Constraints On Tropical Forest Management: Comment

Author

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  • Barrett, Christopher B.
  • Batabyal, Amitrajeet A.

Abstract

We comment on four aspects of Albers' [1] model of ecological constraints on tropical forest management. Albers structures her model in a highly asymmetric manner, with strong, uniform biases against development and in favor of preservation. Despite Albers' repeated claims that her model is "complete" and that it has significant implications for tropical forest management, we contend instead that the results of a truly general, empirically defensible model are inherently ambiguous. Spatial and intertemporal dimensions clearly matter, but they do not point as neatly in favor of preservation as Albers would have us believe. Note: Forthcoming in Journal of Environmental Economics and Management

Suggested Citation

  • Barrett, Christopher B. & Batabyal, Amitrajeet A., 1996. "Modeling Ecological Constraints On Tropical Forest Management: Comment," Economics Research Institute, ERI Study Papers 28371, Utah State University, Economics Department.
  • Handle: RePEc:ags:usuesp:28371
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    File URL: http://purl.umn.edu/28371
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    References listed on IDEAS

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    1. Miller, Jon R & Lad, Frank, 1984. "Flexibility, learning, and irreversibility in environmental decisions: A bayesian approach," Journal of Environmental Economics and Management, Elsevier, vol. 11(2), pages 161-172, June.
    2. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
    3. Claude Henry, 1974. "Option Values in the Economics of Irreplaceable Assets," Review of Economic Studies, Oxford University Press, vol. 41(5), pages 89-104.
    4. Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, Oxford University Press, vol. 88(2), pages 312-319.
    5. Amitrajeet A. Batabyal, 1996. "The Timing of Land Development: An Invariance Result," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 1092-1097.
    6. Albers, Heidi J., 1996. "Modeling Ecological Constraints on Tropical Forest Management: Spatial Interdependence, Irreversibility, and Uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 30(1), pages 73-94, January.
    7. Hanemann, W. Michael, 1989. "Information and the concept of option value," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 23-37, January.
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    Cited by:

    1. Albers, Heidi J., 1997. "Modeling Ecological Constraints on Tropical Forest Management: Reply," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 214-219, June.

    More about this item

    Keywords

    forest; interdependence; irreversibility; management; uncertainty; Resource /Energy Economics and Policy; D81; Q15; Q23;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry

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