Modeling Ecological Constraints on Tropical Forest Management: Comment
We comment on four aspects of Albers'  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.
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|Date of creation:||Jan 1996|
|Publication status:||forthcoming in Journal of Environmental Economics and Management|
|Contact details of provider:|| Web page: http://apec.usu.edu/|
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- Claude Henry, 1974. "Option Values in the Economics of Irreplaceable Assets," Review of Economic Studies, Oxford University Press, vol. 41(5), pages 89-104.
- Krugman, Paul, 1991.
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- 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.
- 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.
- 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.
- 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.
- 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. Full references (including those not matched with items on IDEAS)
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