Arbeitspapier

The use of common property resources: A dynamic model

The government of common agricultural and forestry land is a topic that is currently enjoying a revival of interest. Many local communities have shown the ability to pursue sustainable use of natural resources thanks to their self-governed authorities. In this context the relationship between public and private interest which is established in use of the resource is a fairly controversial. The paper proposes a dynamic model to analyse the behaviour of a user of a common property resource in a "real option" framework, where the value of the right to use the resource is affected by: 1) uncertainty on the future amount of the resource; 2) entry and exit costs and 3) the number of users competitors.

Sprache
Englisch

Erschienen in
Series: Nota di Lavoro ; No. 13.2002

Klassifikation
Wirtschaft
Thema
Common property resources
option value
uncertainty
Gemeingüter
Dynamisches Modell
Theorie
Realoptionsansatz

Ereignis
Geistige Schöpfung
(wer)
Moretto, Michele
Rosato, Paolo
Ereignis
Veröffentlichung
(wer)
Fondazione Eni Enrico Mattei (FEEM)
(wo)
Milano
(wann)
2002

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Moretto, Michele
  • Rosato, Paolo
  • Fondazione Eni Enrico Mattei (FEEM)

Entstanden

  • 2002

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