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Filtering by: Creator Bosetti, Valentina Creator Tomberlin, David

Solving Real Options Models of Fisheries Investment When Salvage Value Is Difficult to Estimate

Creator:

Tomberlin, David and Bosetti, Valentina

Abstract:

Real options models arguably provide a useful framework for understanding individual fishermen's investment decisions, which play an important role in fisheries management issues ranging from capacity reduction to stock assessment. While these models appear to predict actual behavior reasonably well, one important difficulty in applying them is that the salvage...

Resource Type:

Research Paper