Brunette, Marielle; Costa, Sandrine; Lecocq, Franck - Laboratoire d'Économie Forestière, Département … - 2012
This paper provides an economic analysis of timber species change as a tool for adapting forests to climate change. We use the framework of cost-benefit analysis, taking uncertainty into account both exogenously, via sensitivity analysis, and endogenously, via (quasi-)option value calculations....