Published Date
Title
Cost-effective biodiversity restoration with uncertain growth in forest habitat quality
Ing-Marie Gren, Peter Baxter, Grzegorz Mikusinski and Hugh Possingham
Journal of Forest Economics, 2014, vol. 20, issue 1, pages 77-92
Abstract: This paper develops a dynamic model for cost-effective selection of sites for restoring biodiversity when habitat quality develops over time and is uncertain. A safety-first decision criterion is used for ensuring a minimum level of habitats, and this is formulated in a chance-constrained programming framework. The theoretical results show; (i) inclusion of quality growth reduces overall cost for achieving a future biodiversity target from relatively early establishment of habitats, but (ii) consideration of uncertainty in growth increases total cost and delays establishment, and (iii) cost-effective trading of habitat requires exchange rate between sites that varies over time. An empirical application to the red listed umbrella species – white-backed woodpecker – shows that the total cost of achieving habitat targets specified in the Swedish recovery plan is doubled if the target is to be achieved with high reliability, and that equilibrating price on a habitat trading market differs considerably between different quality growth combinations.
Keywords: Cost-effective biodiversity restoration; Uncertainty; Spatial and temporal heterogeneity; Chance constrained programming; White-backed woodpecker in Sweden(search for similar items in EconPapers)
JEL-codes: C61 Q20 Q57 (search for similar items in EconPapers)
Date: 2014
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Persistent link: http://EconPapers.repec.org/RePEc:eee:foreco:v:20:y:2014:i:1:p:77-92
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Access Statistics for this article
Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
More articles in Journal of Forest Economics from Elsevier
Series data maintained by Zhang, Lei (repec@elsevier.com).
For further details log on website :
http://econpapers.repec.org/article/eeeforeco/v_3a20_3ay_3a2014_3ai_3a1_3ap_3a77-92.htm
Title
Cost-effective biodiversity restoration with uncertain growth in forest habitat quality
Ing-Marie Gren, Peter Baxter, Grzegorz Mikusinski and Hugh Possingham
Journal of Forest Economics, 2014, vol. 20, issue 1, pages 77-92
Abstract: This paper develops a dynamic model for cost-effective selection of sites for restoring biodiversity when habitat quality develops over time and is uncertain. A safety-first decision criterion is used for ensuring a minimum level of habitats, and this is formulated in a chance-constrained programming framework. The theoretical results show; (i) inclusion of quality growth reduces overall cost for achieving a future biodiversity target from relatively early establishment of habitats, but (ii) consideration of uncertainty in growth increases total cost and delays establishment, and (iii) cost-effective trading of habitat requires exchange rate between sites that varies over time. An empirical application to the red listed umbrella species – white-backed woodpecker – shows that the total cost of achieving habitat targets specified in the Swedish recovery plan is doubled if the target is to be achieved with high reliability, and that equilibrating price on a habitat trading market differs considerably between different quality growth combinations.
Keywords: Cost-effective biodiversity restoration; Uncertainty; Spatial and temporal heterogeneity; Chance constrained programming; White-backed woodpecker in Sweden(search for similar items in EconPapers)
JEL-codes: C61 Q20 Q57 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1104689913000457
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text
Persistent link: http://EconPapers.repec.org/RePEc:eee:foreco:v:20:y:2014:i:1:p:77-92
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/701775/bibliographic
http://www.elsevier. ... 701775/bibliographic
Access Statistics for this article
Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
More articles in Journal of Forest Economics from Elsevier
Series data maintained by Zhang, Lei (repec@elsevier.com).
For further details log on website :
http://econpapers.repec.org/article/eeeforeco/v_3a20_3ay_3a2014_3ai_3a1_3ap_3a77-92.htm
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