Hedges and trees: Incorporating fire risk into optimal decisions in forestry using a no-arbitrage approach

Journal of Agricultural and Resource Economics

Volumn 32, Issue 3, 2007, Pages 492-514

  Insley, Margaret ^a   Lei, Manie ^b  

^a UNIVERSITY OF WATERLOO   (Canada)

^b UNIVERSITY OF GUELPH   (Canada)

Author keywords

Fire risk; Forest value; Hedging; Jumps; No arbitrage; Optimal harvesting; Poisson process; Real options

Indexed keywords

EID: 38849150415     PISSN: 10685502     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

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