Option Value of Soil, An Irreplaceable Asset From The Social Point of View
Eduardo Segarra () and
No 278547, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
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)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278547
Access Statistics for this paper
More papers in 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().