2014年10月
Natural capital investment under knightian uncertainty
Environment and Development Economics
- ,
- 巻
- 19
- 号
- 5
- 開始ページ
- 529
- 終了ページ
- 547
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.1017/S1355770X13000661
- 出版者・発行元
- CAMBRIDGE UNIV PRESS
In this paper, we develop a simple two-period model of natural capital investment under Knightian uncertainty and analyze the effects of changes in the degree of ambiguity on the optimal natural capital investment. We find that the degree of Knightian uncertainty affects a government's natural capital investment. Moreover, we find that the direction of the effect of the Knightian uncertainty depends on the nature of uncertainty, that is, on whether the uncertainty is about the future level of natural capital or about the return from saving.
- リンク情報
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- DOI
- https://doi.org/10.1017/S1355770X13000661
- Web of Science
- https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000342223400001&DestApp=WOS_CPL
- URL
- https://www.cambridge.org/core/journals/environment-and-development-economics/article/natural-capital-investment-under-knightian-uncertainty/26D70CCEA0F7D92C7236B7E75A22633A
- ID情報
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- DOI : 10.1017/S1355770X13000661
- ISSN : 1355-770X
- eISSN : 1469-4395
- Web of Science ID : WOS:000342223400001