The Valuation of Fisheries Rights: A Real Options Approach
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This article develops and implements a Real Option approach to value renewable natural resources in the case of Marine Fisheries. The model includes two sources of uncertainty: the resource biomass and the price of fish, and it can be used by fisheries to optimally adapt their harvesting strategy to
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美国国家经济研究局创建时间：
2018-10-01
