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Information and the concept of option value

Citations

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Cited by:

  1. Xiaoyi Liu & Jonghyun Lee & Peter Kitanidis & Jack Parker & Ungtae Kim, 2012. "Value of Information as a Context-Specific Measure of Uncertainty in Groundwater Remediation," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(6), pages 1513-1535, April.
  2. Zhao, Jinhua & Kling, Catherine L., 2006. "Environmental Valuation under Dynamic Consumer Behavior," ISU General Staff Papers 200609270700001316, Iowa State University, Department of Economics.
  3. Zhao, Jinhua & Kling, Catherine L., 2001. "A new explanation for the WTP/WTA disparity," Economics Letters, Elsevier, vol. 73(3), pages 293-300, December.
  4. Elisabetta Strazzera & Elisabetta Cherchi & Silvia Ferrini, 2008. "A Choice Modelling Approach for Assessment of Use and Quasi-Option Values in Urban Planning for Areas of Environmental Interest," Working Papers 2008.63, Fondazione Eni Enrico Mattei.
  5. Batabyal, Amitrajeet A, 1998. "On land use, minerals development, and institutional design in the American west," Resources Policy, Elsevier, vol. 24(3), pages 139-146, September.
  6. Halkos, George, 2013. "The relationship between people’s attitude and willingness to pay for river conservation," MPRA Paper 50560, University Library of Munich, Germany.
  7. Craig A. Bond & John B. Loomis, 2009. "Using Numerical Dynamic Programming to Compare Passive and Active Learning in the Adaptive Management of Nutrients in Shallow Lakes," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(4), pages 555-573, December.
  8. Krüger, Niclas A & Svensson, Mikael, 2007. "The Impact of Real Options on Willingness to Pay for Investments in Road Safety," Working Papers 2007:9, Örebro University, School of Business, revised 17 Oct 2008.
  9. Joshua Graff Zivin & Matthew Neidell, 2010. "Medical technology adoption, uncertainty, and irreversibilities: is a bird in the hand really worth more than in the bush?," Health Economics, John Wiley & Sons, Ltd., vol. 19(2), pages 142-153, February.
  10. Urvashi Narain & Michael Hanemann & Anthony Fisher, 2007. "The irreversibility effect in environmental decisionmaking," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 38(3), pages 391-405, November.
  11. Narain, Urvashi & Hanemann, W. Michael & Fisher, Anthony C., 2004. "The Temporal Resolution of Uncertainty and the Irreversibility Effect," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7nn328qg, Department of Agricultural & Resource Economics, UC Berkeley.
  12. Keller, Klaus & Bolker, Benjamin M. & Bradford, D.F.David F., 2004. "Uncertain climate thresholds and optimal economic growth," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 723-741, July.
  13. Graham-Tomasi, Ted, 1993. "Quasi-Option Value," Staff Paper Series 201173, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  14. Traeger, Christian P., 2014. "On option values in environmental and resource economics," Resource and Energy Economics, Elsevier, vol. 37(C), pages 242-252.
  15. Kai-Lih Chen, 1999. "Measuring values of wetlands in Taiwan," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 2(1), pages 65-89, March.
  16. Kosz, Michael, 1996. "Valuing riverside wetlands: the case of the "Donau-Auen" national park," Ecological Economics, Elsevier, vol. 16(2), pages 109-127, February.
  17. Attanasi, Giuseppe Marco & Montesano, Aldo, 2010. "Testing Value vs Waiting Value in Environmental Decisions under Uncertainty," TSE Working Papers 10-154, Toulouse School of Economics (TSE).
  18. Newbold, Stephen C. & Marten, Alex L., 2014. "The value of information for integrated assessment models of climate change," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 111-123.
  19. Kai-Lih Chen, 1999. "Measuring values of wetlands in Taiwan," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 2(1), pages 65-89, March.
  20. Narain, Urvashi & Hanemann, W. Michael & Fisher, Anthony C, 2007. "The irreversibility effect in environmental decisionmaking," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7bc5t8cf, Department of Agricultural & Resource Economics, UC Berkeley.
  21. Justus Wesseler, 2002. "The Option Value of Scientific Uncertainty on Pest - Resistance Development of Transgenic Crops," Others 0207005, University Library of Munich, Germany.
  22. Jisang Yu & Nathan P. Hendricks, 2020. "Input Use Decisions with Greater Information on Crop Conditions: Implications for Insurance Moral Hazard and the Environment," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 826-845, May.
  23. Laurent Gilotte & Michel de Lara, 2005. "Precautionary Effect and Variations of the Value of Information," Working Papers 2005.28, Fondazione Eni Enrico Mattei.
  24. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
  25. Kaval, Pamela, 2008. "Is There a Link Between Actual and Perceived Wildfire Danger?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 37090, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  26. Kolstad, Charles D., 1996. "Fundamental irreversibilities in stock externalities," Journal of Public Economics, Elsevier, vol. 60(2), pages 221-233, May.
  27. Coggins, Jay S. & Ramezani, Cyrus A., 1996. "AN ARBITRAGE-FREE APPROACH TO QUASI-OPTION VALUE; Proceedings of the Fifth Joint Conference on Agriculture, Food, and the Environment, June 17-18, 1996, Padova, Italy," Working Papers 14469, University of Minnesota, Center for International Food and Agricultural Policy.
  28. Cook, David & Davíðsdóttir, Brynhildur & Kristófersson, Daði Már, 2016. "Energy projects in Iceland – Advancing the case for the use of economic valuation techniques to evaluate environmental impacts," Energy Policy, Elsevier, vol. 94(C), pages 104-113.
  29. Fujii, Tomoki & Ishikawa, Ryuichiro, 2012. "Quasi-option value under strategic interactions," Resource and Energy Economics, Elsevier, vol. 34(1), pages 36-54.
  30. Krüger, Niclas A. & Svensson, Mikael, 2009. "The impact of real options on willingness to pay for mortality risk reductions," Journal of Health Economics, Elsevier, vol. 28(3), pages 563-569, May.
  31. Gray, Richard S., 1990. "The Role of Learning in Investment Decisions," 1990 Annual meeting, August 5-8, Vancouver, Canada 261490, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  32. Davis, Graham A. & Cairns, Robert D., 2012. "Good timing: The economics of optimal stopping," Journal of Economic Dynamics and Control, Elsevier, vol. 36(2), pages 255-265.
  33. Sims, Charles & Finnoff, David, 2012. "The role of spatial scale in the timing of uncertain environmental policy," Journal of Economic Dynamics and Control, Elsevier, vol. 36(3), pages 369-382.
  34. Davis, Rebecca J. & Sims, Charles, 2016. "To Frack or Not to Frack: Option Value Analysis on the U.S. Natural Gas Market," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235642, Agricultural and Applied Economics Association.
  35. Böhringer, Christoph, 2003. "The Kyoto Protocol: A Review and Perspectives," ZEW Discussion Papers 03-61, ZEW - Leibniz Centre for European Economic Research.
  36. Halkos, George, 2012. "Assessing the economic value of protecting artificial lakes," MPRA Paper 39557, University Library of Munich, Germany.
  37. Charles Sims & David Finnoff, 2016. "Opposing Irreversibilities and Tipping Point Uncertainty," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(4), pages 985-1022.
  38. Robert S. Pindyck, 2006. "Uncertainty In Environmental Economics," NBER Working Papers 12752, National Bureau of Economic Research, Inc.
  39. Saltari, Enrico & Travaglini, Giuseppe, 2011. "The effects of environmental policies on the abatement investment decisions of a green firm," Resource and Energy Economics, Elsevier, vol. 33(3), pages 666-685, September.
  40. Heidi Albers & Anthony Fisher & W. Hanemann, 1996. "Valuation and management of tropical forests," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 8(1), pages 39-61, July.
  41. Albers, Heidi & Fisher, Anthony & Hanemann, W., 1993. "Valuation and Management of Tropical Forests: A Theoretical and Empirical Analysis," CUDARE Working Papers 198629, University of California, Berkeley, Department of Agricultural and Resource Economics.
  42. Hanemann, W. Michael, 1984. "On Reconciling Different Concepts of Option Value," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt81w7290x, Department of Agricultural & Resource Economics, UC Berkeley.
  43. Jay Corrigan & Catherine Kling & Jinhua Zhao, 2008. "Willingness to Pay and the Cost of Commitment: An Empirical Specification and Test," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 40(2), pages 285-298, June.
  44. Iulie Aslaksen & Terje Synnestvedt, 2004. "Are the Dixit-Pindyck and the Arrow-Fisher-Henry-Hanemann Option Values Equivalent?," Discussion Papers 390, Statistics Norway, Research Department.
  45. Nikolai Hoberg & Stefan Baumgärtner, 2011. "Irreversibility, ignorance, and the intergenerational equity-efficiency trade-off," Working Paper Series in Economics 198, University of Lüneburg, Institute of Economics.
  46. Hess, Joshua H. & Manning, Dale T. & Iverson, Terry & Cutler, Harvey, 2019. "Uncertainty, learning, and local opposition to hydraulic fracturing," Resource and Energy Economics, Elsevier, vol. 55(C), pages 102-123.
  47. Kolstad, Charles D. & Toman, Michael, 2005. "The Economics of Climate Policy," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 30, pages 1561-1618, Elsevier.
  48. Langpap, Christian & Wu, JunJie, 2004. "Voluntary conservation of endangered species: when does no regulatory assurance mean no conservation?," Journal of Environmental Economics and Management, Elsevier, vol. 47(3), pages 435-457, May.
  49. Gerling, Charlotte & Schöttker, Oliver & Hearne, John, 2022. "The ”climate adaptation problem” in biodiversity conservation: the role of reversible conservation investments in optimal reserve design under climate change," MPRA Paper 114812, University Library of Munich, Germany.
  50. Albers, Heidi, 2001. "A Spatial-Intertemporal Model for Tropical Forest Management Applied to Khao Yai National Park, Thailand," RFF Working Paper Series dp-01-35, Resources for the Future.
  51. Coggins, Jay S. & Ramezani, Cyrus A., 1998. "An Arbitrage-Free Approach to Quasi-Option Value," Journal of Environmental Economics and Management, Elsevier, vol. 35(2), pages 103-125, March.
  52. Charles Sims & David Finnoff & Jason F. Shogren, 2018. "Taking One for the Team: Is Collective Action More Responsive to Ecological Change?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(3), pages 589-615, July.
  53. Mensink, Paul & Requate, Till, 2005. "The Dixit-Pindyck and the Arrow-Fisher-Hanemann-Henry option values are not equivalent: a note on Fisher (2000)," Resource and Energy Economics, Elsevier, vol. 27(1), pages 83-88, January.
  54. Newbold, Stephen C. & Johnston, Robert J., 2020. "Valuing non-market valuation studies using meta-analysis: A demonstration using estimates of willingness-to-pay for water quality improvements," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
  55. repec:ken:wpaper:0603 is not listed on IDEAS
  56. Batabyal, Amitrajeet A. & Yoo, Seung Jick, 2004. "Indivisibility And Divisibility In Land Development Decisions Over Time And Under Uncertainty," 2004 Annual meeting, August 1-4, Denver, CO 20278, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  57. Jacob LaRiviere & David Kling & James N Sanchirico & Charles Sims & Michael Springborn, 2018. "The Treatment of Uncertainty and Learning in the Economics of Natural Resource and Environmental Management," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 92-112.
  58. Traeger, Christian, 2013. "What's the Option?," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt41v56658, Department of Agricultural & Resource Economics, UC Berkeley.
  59. Albers, Heidi & Fisher, Anthony & Hanemann, W., 1995. "Valuation and Management of Tropical Forests: Implications of Uncertainty and Irreversibility," CUDARE Working Papers 198641, University of California, Berkeley, Department of Agricultural and Resource Economics.
  60. Stavins, Robert, 2000. "Economic Analysis of Global Climate Change Policy: A Primer," Working Paper Series rwp00-003, Harvard University, John F. Kennedy School of Government.
  61. Batabyal, Amitrajeet A., 1998. "Land development and preservation over time and under uncertainty: a review and a research agenda," Ecological Economics, Elsevier, vol. 25(3), pages 233-238, June.
  62. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
  63. Barrett, Christopher B. & Batabyal, Amitrajeet A., 1997. "Modeling Ecological Constraints on Tropical Forest Management: Comment," Journal of Environmental Economics and Management, Elsevier, vol. 32(2), pages 271-275, February.
  64. Batabyal, Amitrajeet A., 1995. "Leading issues in domestic environmental regulation: A review essay," Ecological Economics, Elsevier, vol. 12(1), pages 23-39, January.
  65. Ben White, 2000. "A Review of the Economics of Biological Natural Resources," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 419-462, September.
  66. Miao, Ruiqing, 2012. "Essays on Investments in New Technologies --- Policy, Information, and Learning," ISU General Staff Papers 201201010800003414, Iowa State University, Department of Economics.
  67. Lindley, Sarah & Albeke, Shannon & Viers, Joshua & Parsons, George & Johnston, Robert & Newbold, Stephen C., 2022. "Valuing Satellite Data for Harmful Algal Bloom Early Warning Systems," RFF Working Paper Series 22-23, Resources for the Future.
  68. Charles Sims & Sarah E. Null, 2019. "Climate Forecasts and Flood Mitigation," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1083-1107, April.
  69. Catherine Chambers & Paul Chambers & John Whitehead, 1997. "Historical resources, uncertainty and preservation values: An application of option and optimal stopping models," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 21(2), pages 51-61, June.
  70. Baranzini, Andrea & Chesney, Marc & Morisset, Jacques, 2003. "The impact of possible climate catastrophes on global warming policy," Energy Policy, Elsevier, vol. 31(8), pages 691-701, June.
  71. V. Bosetti & J.M. Conrad & E. Messinat, 2004. "The Value of Flexibility: Preservation, Remediation, or Development for Ginostra?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(2), pages 219-229, October.
  72. Chady Jabbour & Anis Hoayek & Jean-Michel Salles, 2022. "Formalizing a Two-Step Decision-Making Process in Land Use: Evidence from Controlling Forest Clearcutting Using Spatial Information," Land, MDPI, vol. 12(1), pages 1-17, December.
  73. Hoberg, Nikolai & Baumgärtner, Stefan, 2017. "Irreversibility and uncertainty cause an intergenerational equity-efficiency trade-off," Ecological Economics, Elsevier, vol. 131(C), pages 75-86.
  74. Hans Gersbach, 1997. "Risk And The Value Of Information In Irreversible Decisions," Theory and Decision, Springer, vol. 42(1), pages 37-51, January.
  75. Pamela Kaval, 2007. "The Link between Perceived and Actual Wildfire Danger: An Economic and Spatial Analysis Study in Colorado (USA)," Working Papers in Economics 07/13, University of Waikato.
  76. Langpap, Christian, 2002. "Voluntary Conservation Of Endangered Species: When Does "No Surprises" Mean No Conservation," 2002 Annual meeting, July 28-31, Long Beach, CA 19747, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  77. Adela Luque, 2000. "An Option-Value Approach to Technology in U.S. Maufacturing: Evidence from Plant-Level Data," Working Papers 00-12, Center for Economic Studies, U.S. Census Bureau.
  78. Mensink, Paul, 2004. "A comment on "An arbitrage-free approach to quasi-option value" by Coggins and Ramezani," Economics Working Papers 2004-06, Christian-Albrechts-University of Kiel, Department of Economics.
  79. Fisher, Anthony C., 2000. "Investment under uncertainty and option value in environmental economics," Resource and Energy Economics, Elsevier, vol. 22(3), pages 197-204, July.
  80. Francois Salanie & Nicolas Treich, 2009. "Option Value and Flexibility: A General Theorem with Applications," LERNA Working Papers 09.12.288, LERNA, University of Toulouse.
  81. Christopher Costello & Charles D. Kolstad, 2015. "Mining with Environmental Risk," NBER Working Papers 21325, National Bureau of Economic Research, Inc.
  82. Cook, David & Davíðsdóttir, Brynhildur & Kristófersson, Daði Már, 2018. "Willingness to pay for the preservation of geothermal areas in Iceland – The contingent valuation studies of Eldvörp and Hverahlíð," Renewable Energy, Elsevier, vol. 116(PA), pages 97-108.
  83. Halkos, George & Matsiori, Steriani, 2018. "Environmental attitudes and preferences for coastal zone improvements," Economic Analysis and Policy, Elsevier, vol. 58(C), pages 153-166.
  84. Adela Luque, 2002. "An option-value approach to technology adoption in U.S. manufacturing: Evidence from microdata," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(6), pages 543-568.
  85. Abebayehu Tegene & Keith Wiebe & Betsey Kuhn, 1999. "Irreversible Investment Under Uncertainty: Conservation Easements and the Option to Develop Agricultural Land," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(2), pages 203-219, May.
  86. Eugenio Figueroa & Roberto Pasten, 2014. "Economically valuing nature resources to promote conservation: An empirical application to Chile's national system of protected areas," Papers in Regional Science, Wiley Blackwell, vol. 93(4), pages 865-888, November.
  87. Schimmelpfennig, David, 1995. "The option value of renewable energy: The case of climate change," Energy Economics, Elsevier, vol. 17(4), pages 311-317, October.
  88. Corrigan, Jay R. & Kling, Catherine L. & Zhao, Jinhua, 2003. "Dynamic Willingness to Pay: An Empirical Specification and Test," Staff General Research Papers Archive 10220, Iowa State University, Department of Economics.
  89. Chichilnisky, Graciela & Beltratti, Andrea & Heal, Geoffrey, 1998. "Uncertain future preferences and conservation," MPRA Paper 7912, University Library of Munich, Germany.
  90. Lewis, David J. & Polasky, Stephen, 2018. "An auction mechanism for the optimal provision of ecosystem services under climate change," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 20-34.
  91. Haight, Robert G. & Polasky, Stephen, 2010. "Optimal control of an invasive species with imperfect information about the level of infestation," Resource and Energy Economics, Elsevier, vol. 32(4), pages 519-533, November.
  92. Halkos, George & Matsiori, Steriani, 2017. "Estimating recreational values of coastal zones," MPRA Paper 80911, University Library of Munich, Germany.
  93. Graham-Tomasi, Theodore, 1985. "Uncertainty, Information, And Irreversible Investments," Staff Papers 14047, University of Minnesota, Department of Applied Economics.
  94. Batabyal, Amitrajeet A., 1995. "An Agenda For The Study Of Land Use, Wilderness Designation, And Resource Regulation In The American West," Economics Research Institute, ERI Study Papers 28360, Utah State University, Economics Department.
  95. Robin Naidoo & Taylor H Ricketts, 2006. "Mapping the Economic Costs and Benefits of Conservation," PLOS Biology, Public Library of Science, vol. 4(11), pages 1-12, October.
  96. Batabyal, Amitrajeet A., 1995. "The Impact Of Information On Land Development: A Dynamic And Stochastic Analysis," Economics Research Institute, ERI Study Papers 28356, Utah State University, Economics Department.
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