Volatility-reducing biodiversity conservation under strategic interactions
| dc.rights.license | open | en_US |
| hal.structure.identifier | Groupe de Recherche en Economie Théorique et Appliquée [GREThA] | |
| dc.contributor.author | AUGERAUD-VÉRON, Emmanuelle | |
| dc.contributor.author | FABBRI, Giorgio | |
| dc.contributor.author | SCHUBERT, Katheline | |
| dc.date.accessioned | 2022-02-16T16:37:29Z | |
| dc.date.available | 2022-02-16T16:37:29Z | |
| dc.date.issued | 2021 | |
| dc.identifier.issn | 0921-8009 | en_US |
| dc.identifier.uri | oai:crossref.org:10.1016/j.ecolecon.2021.107193 | |
| dc.identifier.uri | https://oskar-bordeaux.fr/handle/20.500.12278/124753 | |
| dc.description.abstractEn | How can decentralized individual decisions inefficiently reduce the ability of biodiversity to mitigate ecological and environmental variability and then its “natural insurance” role? In this article we present a simple theoretical set-up to address this question and to evaluate some policy options. We study a model of strategic competition among farmers for the conversion of a natural forest to agricultural land. Unconverted forest land allows to conserve biodiversity, which contributes to reducing the volatility of agricultural production. Agents' utility is given in terms of a Kreps Porteus stochastic differential utility capable of disentangling risk aversion and aversion to fluctuations. We characterize the land used by each farmer and her welfare at the Nash equilibrium, we evaluate the over-exploitation of the land and the agents' welfare loss compared to the socially optimal solution and we study the drivers of the inefficiencies of the decentralized equilibrium. After characterizing the value of biodiversity in the model, we use it to obtain a decomposition which helps to study the policy implications of the model by identifying in which cases the allocation of property rights is preferable to the introduction of a tax on land conversion. Our results suggest that enforcing property rights is more relevant in case of stagnant economies while taxing land conversion may be more suited for rapidly developing economies. | |
| dc.language.iso | EN | en_US |
| dc.source | crossref | |
| dc.subject.en | Biodiversity | |
| dc.subject.en | Insurance value | |
| dc.subject.en | Land conversion | |
| dc.subject.en | Recursive preferences | |
| dc.subject.en | Stochastic differential games | |
| dc.title.en | Volatility-reducing biodiversity conservation under strategic interactions | |
| dc.type | Article de revue | en_US |
| dc.identifier.doi | 10.1016/j.ecolecon.2021.107193 | en_US |
| dc.subject.hal | Économie et finance quantitative [q-fin] | en_US |
| dc.subject.jel | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q56 - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth | en_US |
| dc.subject.jel | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q58 - Government Policy | en_US |
| dc.subject.jel | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q1 - Agriculture::Q10 - General | en_US |
| dc.subject.jel | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q1 - Agriculture::Q15 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment | en_US |
| dc.subject.jel | O - Economic Development, Innovation, Technological Change, and Growth::O1 - Economic Development::O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products | en_US |
| dc.subject.jel | O - Economic Development, Innovation, Technological Change, and Growth::O2 - Development Planning and Policy::O20 - General | en_US |
| dc.subject.jel | C - Mathematical and Quantitative Methods::C7 - Game Theory and Bargaining Theory::C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games | en_US |
| dc.subject.jel | D - Microeconomics::D6 - Welfare Economics::D62 - Externalities | en_US |
| bordeaux.journal | Ecological Economics | en_US |
| bordeaux.page | 107193 | en_US |
| bordeaux.volume | 190 | en_US |
| bordeaux.hal.laboratories | Groupe de Recherche en Economie Théorique et Appliquée (GREThA) - UMR 5113 | en_US |
| bordeaux.institution | Université de Bordeaux | en_US |
| bordeaux.institution | CNRS | en_US |
| bordeaux.peerReviewed | oui | en_US |
| bordeaux.inpress | non | en_US |
| bordeaux.import.source | dissemin | |
| hal.identifier | hal-03369958 | |
| hal.version | 1 | |
| hal.export | true | |
| workflow.import.source | dissemin | |
| dc.rights.cc | Pas de Licence CC | en_US |
| bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Ecological%20Economics&rft.date=2021&rft.volume=190&rft.spage=107193&rft.epage=107193&rft.eissn=0921-8009&rft.issn=0921-8009&rft.au=AUGERAUD-V%C3%89RON,%20Emmanuelle&FABBRI,%20Giorgio&SCHUBERT,%20Katheline&rft.genre=article |
