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Social and Behavioral Sciences Commons™
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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Tb161: Forestry Investments And Option Values: Theory And Estimation, Andrew J. Plantinga
Tb161: Forestry Investments And Option Values: Theory And Estimation, Andrew J. Plantinga
Technical Bulletins
This bulletin considers option values related to a principal problem for forestry investors, the timing of harvests. The purpose is to present a general theory of the rotation problem under uncertainty and irreversibility and provide a methodology for empirically estimating option values. Modifications of the framework for analyzing options values related to other aspects of forestry investments are also discussed.
Mr398: Water Quality Affects Property Prices: A Case Study Of Selected Maine Lakes, Holly J. Michael, Kevin J. Boyle, Roy Bouchard
Mr398: Water Quality Affects Property Prices: A Case Study Of Selected Maine Lakes, Holly J. Michael, Kevin J. Boyle, Roy Bouchard
Miscellaneous Reports
Lake-front property owners are potentially the recipients of the greatest economic gains from improved lake-water quality because the benefits of water quality can be capitalized in the price of lake-front properties. These same lake-front owners may also directly affect lake-water quality through the actions they take on their properties. The objective of this study is to estimate the effect of water clarity on lake-front property prices for selected Maine lakes using a hedonic property-price model. Hedonic models are used to estimate the share of property prices that are attributable to characteristics of the properties. The share of a property’s price …
Dynamic Tension: An Analysis Of What Happened With The Forestry Referendum And Where We Go From Here, Mitch Lansky
Dynamic Tension: An Analysis Of What Happened With The Forestry Referendum And Where We Go From Here, Mitch Lansky
Maine Policy Review
No abstract provided.
Forest Policy Is Hard, Lloyd C. Irland