Multi-stand forest management under a climatic risk: do time and risk preferences matter? - Université Toulouse 1 Capitole Accéder directement au contenu
Article Dans Une Revue Environmental Modeling & Assessment Année : 2008

Multi-stand forest management under a climatic risk: do time and risk preferences matter?

Résumé

We propose a stochastic dynamic framework to model the management of a multi-stand forest under climate risk(strong wind occurrence). The preferences of the forest-owner are specified by a non-expected utility in order to separately analyse intertemporal substitution and risk aversion effects. A numerical method is developed to characterize the optimal forest management policies and the optimal consumption-saving strategy. The stochastic dynamic programming framework is applied to a non-industrial private forest-owner located in the North-East of France. We show that the optimal decisions both depend upon risk and time preference.
Fichier principal
Vignette du fichier
2008_Couture_Environmental Modeling & Assessment (Postprint)_2 (311.72 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-01072425 , version 1 (30-05-2020)

Identifiants

Citer

Stéphane Couture, Arnaud Reynaud. Multi-stand forest management under a climatic risk: do time and risk preferences matter?. Environmental Modeling & Assessment, 2008, 13 (2), pp.181-193. ⟨10.1007/s10666-007-9121-7⟩. ⟨hal-01072425⟩
46 Consultations
29 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More