Quasi Option Value
In: Cost-Benefit Analysis and the Environment, S. 145-154
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In: Cost-Benefit Analysis and the Environment, S. 145-154
SSRN
Working paper
In: Environment and development economics, Band 3, Heft 4, S. 417-423
ISSN: 1469-4395
The notion of intertemporal h-option value is introduced to extend to environmental decision-making problems of the concept of quasi-option value, defined by Arrow and Fisher and Henry, whenever an individual faces imprecise information, or hard uncertainty, represented by a non-additive measure over events. Under hard uncertainty and irreversibility, the decision-maker faces the intertemporal h-option value, that is an uncertainty premium of preservation, which represents the gain from being able to learn about the future consequences of irreversible actions. The intertemporal h-option value is a correction factor that has to be taken into account in evaluating the total economic value of feasible actions.
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Working paper
In: Kyklos: international review for social sciences, Band 27, Heft 2, S. 255-269
ISSN: 1467-6435
In: Climate policy, Band 13, Heft 1, S. 1-19
ISSN: 1752-7457
In: Journal of economics and business, Band 117, S. 106008
ISSN: 0148-6195
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In: Muzumdar, P. (2011). Effects Of Zoning On Housing Option Value. Journal of Business & Economics Research (JBER), 9(5), 41-48.
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In: Information economics and policy, Band 5, Heft 2, S. 125-144
ISSN: 0167-6245
In: Games and Economic Behavior, Vol. 137 (2023) 1-22
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In: Socio-economic planning sciences: the international journal of public sector decision-making, Band 15, Heft 4, S. 191-195
ISSN: 0038-0121