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dc.contributor.author
Engel, Stefanie
dc.contributor.author
Palmer, Charles
dc.contributor.author
Taschini, Luca
dc.contributor.author
Urech, Simon
dc.date.accessioned
2017-06-10T11:32:10Z
dc.date.available
2017-06-10T11:32:10Z
dc.date.issued
2012
dc.identifier.issn
2515-571
dc.identifier.uri
http://hdl.handle.net/20.500.11850/59136
dc.description.abstract
The decision of whether to retain tropical forest or convert to another land use such as agriculture is affected by uncertainty over future land-use returns. A model of land-use change is developed to investigate the design of incentive payments to landowners under uncertainty. With the aim of conserving forests over time, payments comprise fixed and variable components. The latter are either indexed to the returns from forest conversion, principally agricultural production, or to a market value associated with forest non-use benefits. Payment size depends on the dependency structure between the two competing land returns and the relative volatility of the underlying returns. It is lower the higher the correlation between the returns from the indexed component and the returns from the alternative land use, and the greater the volatility of the returns from forest conservation relative to the alternative. The general model is simulated for reducing emissions from deforestation and degradation (REDD) in Brazil. Low correlation and greater volatility are shown to have opposing effects on landowners' returns from market-based carbon payments.
dc.language.iso
en
dc.subject
Deforestation
dc.subject
Land use change
dc.subject
Payments
dc.subject
Permanence
dc.subject
REDD
dc.subject
Uncertainty
dc.title
Conservation Payments under Uncertainty when Nonuse Benefits have Market Value
dc.type
Working Paper
ethz.journal.title
Grantham Research Institute on Climate Change and the Environment Working Paper
ethz.journal.volume
72
ethz.size
23 p.
ethz.notes
.
ethz.publication.status
published
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02350 - Dep. Umweltsystemwissenschaften / Dep. of Environmental Systems Science::02723 - Institut für Umweltentscheidungen / Institute for Environmental Decisions::03728 - Engel, Stefanie (ehemalig)
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02350 - Dep. Umweltsystemwissenschaften / Dep. of Environmental Systems Science::02723 - Institut für Umweltentscheidungen / Institute for Environmental Decisions::03728 - Engel, Stefanie (ehemalig)
ethz.identifier.url
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1973449
ethz.date.deposited
2017-06-10T11:34:21Z
ethz.source
ECIT
ethz.identifier.importid
imp5936500a24d7075887
ethz.ecitpid
pub:94643
ethz.eth
yes
ethz.availability
Metadata only
ethz.rosetta.installDate
2017-07-26T19:57:05Z
ethz.rosetta.lastUpdated
2018-10-01T18:58:05Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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