Estimating intertemporal preferences for resource allocation
In this article, we show how the degree of risk aversion, discounting, and preference for intertemporal substitution for a natural resource manager can be structurally estimated within a recursive utility framework. We focus on the management of a reservoir in California, and test the data for consi...
| Main Authors: | , , , |
|---|---|
| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
2005
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/170334 |
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