Modeling the Marginal Value of Rainforest Losses : A Dynamic Value Function Approach

A rainforest can be modeled as a dynamic asset subject to various risks, including risk of fire. Any small part of the forest can be in one of two states: either untouched by forest fire, or already damaged by fire, in which case there is both a lo...

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Bibliographic Details
Main Author: Strand, Jon
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2015/10/25167334/modeling-marginal-value-rainforest-losses-dynamic-value-function-approach
http://hdl.handle.net/10986/22876