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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Format: | Working Paper |
Language: | English en_US |
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World Bank, Washington, DC
2015
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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 |