Can the desire to converse our natural resources be self-defeating?

Article Abstract:

A stochastic model is considered where the resource has amenity value that always has the effect of reducing the rate of time preference. Paradoxically it is possible for amenity value to increase the rate of extraction.

Author: Smith, William, Young Seob Son
Science & research, Research, Stochastic analysis, Natural resources industry software, Renewable natural resources, Renewable resources

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Flexible mixture distribution modeling of dichotomous choice contingent valuation with heterogeneity

Article Abstract:

Bayesian analysis, which is used to examine the recreational value of Canary Islands, is presented.

Author: Arana, Jorge E., Leon, Carmelo J.
Spain, Canary Islands, Analysis, Usage, Economic aspects, Bayesian statistical decision theory, Bayesian analysis

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Subjects list: United States, Natural resources
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