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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Objekttyp
- Arbeitspapier
Beteiligte
- Moretto, Michele
- Rosato, Paolo
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2002