On estimating the option value of preserving a wilderness area

Canadian Journal of Economics

Volumn 33, Issue 2, 2000, Pages 413-434

  Forsyth, Margaret ^a  

^a WILFRID LAURIER UNIVERSITY   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0005019077     PISSN: 00084085     EISSN: None     Source Type: Journal    
DOI: 10.1111/0008-4085.00022     Document Type: Article

References (17)

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3. Chambers, C.M., P.E. Chambers, and J.C. Whitehead (1994) 'Conservation organizations and the option value to preserve: an application to debt-for-nature swaps,' Ecological Economics 9, 135-43
4. Coggins, Jay S., and Cyrus A. Ramezani (1998) 'An arbitrage-free approach to quasioption value,' Journal of Environmental Economics and Management 35, 103-25
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7. Hull, John C. (1997) Options, futures, and other derivatives, 3rd ed. (Upper Saddle River, NJ: Prentice-Hall)
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11. Ontario (1999) Ontario's Living Legacy, Proposed Land Use Strategy (Toronto: Ministry of Natural Resources)
12. Plonski, W.L. (1974) Normal Yield Tables (Metric) for Major Forest Species of Ontario (Toronto: Ministry of Natural Resources)
13. Reed, William J. (1993) "The decision to conserve or harvest old-growth forest,' Ecological Economics 8, 45-69
14. Reed, William J., and Harry J. Clarke (1990) 'Harvest decisions and asset valuation for biological resources exhibiting size-dependent stochastic growth,' International Economic Review 31, 147-69
15. Rollins, Kimberly (1997) 'Wilderness canoeing in Ontario: using cumulative results to update dichotomous choice contingent valuation offer amounts,' Canadian Journal of Agricultural Economics 45, 1-16
16. Wilmott, Paul, Sam Howison, and Jeff Dewynne (1995) The Mathematics of Financial Derivatives (Cambridge: Cambridge University Press)
17. Zinkhan, F.C. (1991) 'Option pricing and Timberland's land-use conversion option,' Land Economics 67, 317-25