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Designing weather derivatives to hedge heating energy demand in greenhouse horticultural firms \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Asseldonk, M.A.P.M. van \ Oude Lansink, A.G.J.M. \ 2002
In this paper the viability of a weather derivative contract to hedge heating energy demand in greenhouse horticultural firms is studied. A normalised quadratic profit function is used to estimate the effect of heating degree-days (HDD). Subsequently ...
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Climate change scenarios and the precautionary principle \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Bargiacchi, R. \ 2002
Scientific understanding of climate change is still very low, therefore the "precautionary principle" should be implemented in the choice of emission levels. In this paper, climate scenarios are treated like uncertain events, and damage functions in ...
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Investments and uncertainty in soil and water conservation in Africa \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Burger, K. \ Oostendorp, R. \ 2002
Econometric analysis of plot level data on 200 Kenyan and 100 Benin households show that technologies differ between plots with and those without soil and water conservation. A dummy-variable approach to measuring the effect is therefore insufficient ...
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Regulating a fishery when prices are uncertain \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Damania, R. \ Bulte, E.H. \ 2002
The interaction between regulatory policies and the financial structure of the fishery sector is shown, and that firms with debts may respond differently to taxes or quota than firms that have not accumulated debts. There are conditions where restric ...
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Treating future generations as equals with respect to risk and uncertainty \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Davidson, M.D. \ 2002
There is a growing understanding among environmental economists that so-called 'optimal' strategies to manage long-term risks are always preceded by ethical choices and value judgements. This paper aims to show that the debate on how best to tackle l ...
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Uncertainty analysis in integrated assessment models: a review of recent approaches \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Gabbert, S. \ Kroeze, C. \ Hordijk, L. \ Aardenne, J. van \ 2002
The paper reviews the current state of research with regard to uncertainty analysis in Integrated Assessment Models. The critique concerning previous treatment of uncertainty is summarised and the three most important frameworks that have been develo ...
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Do organic farmers have different risk attitudes than non-organic farmers? \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Gardebroek, C. \ 2002
Perceived risks of organic farming are often suggested to be an impediment for non-organic farmers to switch to organic farming. If this hypothesis holds, organic farmers should be less risk averse than non-organic farmers. This paper estimates absol ...
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Willingness-to-pay for reducing risk of flooding: testing for temporal stability and scope validity \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Geurts, P. \ Veen, A. van der \ Wierstra, E. \ 2002
Contingent Valuation is a monetary method to value environmental changes. Recent criticism from social psychologists refers to unrealistic cognitive demands upon respondents. We estimate willingness-to-pay for reducing risk on flooding as a complex e ...
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Stochastic dominance portfolio analysis of forestry assets \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Heikkinen, V.P. \ Kuosmanen, T. \ 2002
We consider the forestry decision-making and harvesting problem from the perspective of financial portfolio management where harvestable forest stands constitute one of the liquid assets of the portfolio. In contrast to earlier studies, we utilize th ...
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The prospects for whole-farm risk management \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Meuwissen, M.P.M. \ Asseldonk, M.A.P.M. van \ Huirne, R.B.M. \ 2002
Whole-farm risk management approaches, i.e. approaches in which multiple risks and farm activities are considered simultaneously, seem more efficient than ‘single risk and commodity strategies’. This paper first discusses the results of a questionnai ...
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When will farm-households consider to plant domesticated indigenous fruit trees? A real option approach \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Mithöfer, D. \ Wesseler, J. \ 2002
In the 1990's, the International Centre for Research in Agroforestry (ICRAF) initiated the domestication programme of indigenous fruit trees of southern Africa. The programme was commenced in order to halt loss of bio-diversity of indigenous fruit tr ...
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Dealing with uncertainties and time preference in cost-benefit analysis of planting trees to mitigate climate change \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Nijnik, M. \ 2002
The debates around time preference in cost-benefit analysis have a long history and they are not finished yet. Particular difficulties arise when the question is to choose a proper discount rate in cost-benefit analysis that concerns the environment. ...
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Environmental policy choice under uncertainty \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Ossokina, I.V. \ Swank, O.H. \ 2002
Environmental policy and, in particular, policy concerned with the diffusion of environment-saving technologies is often made under uncertainty about the benefits and costs of the regulatory measures. Two widely used policy instruments aimed at stimu ...
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Land speculation as a cause of deforestation: the role of cattle ranching in the humid tropics of Costa Rica \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Roebeling, P.C. \ Hendrix, E.M.T. \ 2002
This paper examines the effect of land speculation on investment decisions by cattle ranchers in Latin America, and the subsequent consequences for deforestation under varying levels of land price uncertainty and interest rate subsidy. Based on the N ...
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On the quasi-option value of biodiversity and conservation \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Weikard, H.P. \ 2002
In recent years many programmes have been set up to tackle biodiversity loss. Since the loss of species is irreversible and their value is largely unknown, conservation measures have a quasi-option value in the sense of Arrow and Fisher (1974). The p ...
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Endogenous technological change in climate-energy-economic models: an inventory of key uncertainties \ Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands [Hoofdstuk uit boek]
Zwaan, B. van der \ Seebregts, A. \ 2002
This article gives an overview of uncertainties related to endogenous technological change as observed in IAMs of global warming, both for bottom-up and top-down climate-energy-economic models. A classification is formulated by which uncertainties ca ...
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