Arbitrage, Options and Endangered Species
نویسنده
چکیده
I model the impact of mitigation banking accompanied by Safe Harbor provisions on a land-owners choices about supporting a population of an endangered species. The Safe Harbor provision is equivalent to a free call option on a population with market value, and mitigation banking can allow a landowner with an endangered species to arbitrage between land without and with permission to develop. A land-owner whose land is not zoned for development may therefore stand to beneÞt from the discovery of an endangered species on
منابع مشابه
بررسی مقدماتی گیاهان آوندی و جانوران مهره دار پناهگاه حیات وحش موته در استان اصفهان
Muteh wildlife refuge, with an area of about 220,000 ha, is situated at 95 km north of Isfahan. In this refuge, 511 species of vascular plants belonging to 284 genera and 59 families live along with 117 species of vertebrate animals belonging to 84 genera and 37 families. Rare plants of the area were classified into two categories of “endangered” and “vulnerable” according to IUCN, 1996 categor...
متن کاملبررسی مقدماتی گیاهان آوندی و جانوران مهره دار پناهگاه حیات وحش موته در استان اصفهان
Muteh wildlife refuge, with an area of about 220,000 ha, is situated at 95 km north of Isfahan. In this refuge, 511 species of vascular plants belonging to 284 genera and 59 families live along with 117 species of vertebrate animals belonging to 84 genera and 37 families. Rare plants of the area were classified into two categories of “endangered” and “vulnerable” according to IUCN, 1996 categor...
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