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Future climate development and its effects on forest ecosystems are not easily predicted or described in terms of standard probability concepts. Nevertheless, forest managers continuously make long-term decisions that will be subject to climate change impacts. The manager's assessment of...
Persistent link: https://www.econbiz.de/10011116786
The proper balance between costly monitoring and non-compliance have often been studied, however, the costs of monitoring from landowners’ perspective have only received little attention. We designed a Choice Experiment where landowners expressed their willingness to accept afforestation...
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We apply Bayesian updating theory to model how decision-makers may gradually learn about climate change and make use of this information in making adaptive forest management decisions. We develop modelling steps to i) simulate observation of a multi-dimensional climate system, ii) apply updating...
Persistent link: https://www.econbiz.de/10011208854