English, Article, Journal or magazine article edition: Preserving Biodiversity: Ambiguity and Safety Rules Giannis Vardas; Anastasios Xepapadeas

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Bookmark: http://trove.nla.gov.au/version/77042
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Preserving Biodiversity: Ambiguity and Safety Rules
Author
  • Giannis Vardas
  • Anastasios Xepapadeas
Physical Description
  • preprint
Notes
  • Safety rules are developed, for biodiversity preservation. These rules are designed to take into account the impact of uncertainty and worst case scenarios, which when combined with unregulated ecosystem management decisions, might produce extinction of species. The safety rules take the form of fixed land allocation and fixed harvesting rules under uncertainty. We explore how model uncertainty affects these safety rules relative to the classic risk aversion case and how a measure of precaution against worst case scenarios can be formulated.
  • Biodiversity Preservation, Model Uncertainty, Safety Rules
  • RePEc:crt:wpaper:0607
Language
  • English
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