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Bibliothèque PROPERTY RIGHTS, UNCERTAINTY AND OPTION VALUE

PROPERTY RIGHTS, UNCERTAINTY AND OPTION VALUE

PROPERTY RIGHTS, UNCERTAINTY AND OPTION VALUE

Resource information

Date of publication
Décembre 1998
Resource Language
ISBN / Resource ID
AGRIS:US2012211507

The transition from an open access to a private property rights management regime requires valuation mechanisms that respond to new incentives. The analysis relies on the NPV model, the Arrow Fisher (1972) result and the Black-Scholes option pricing model to describe the necessary elements of resource investment under this transition.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Burnes, Ellen

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