Option Value of Soil, An Irreplaceable Asset From The Social Point of View

Eduardo Segarra () and Daniel Taylor

No 278547, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A model in which option value and option price of soil are introduced is used to show that the irreversibility-effect of soil depletion, coupled with the mere prospect of obtaining fuller information in the future, generates a positive option value for soil which could lead to conserve the soil resource.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 14
Date: 1985-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278547

DOI: 10.22004/ag.econ.278547

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