The Option Value of Forest Concessions in Brazilian Amazon
Posted: 23 Sep 2002
Abstract
The Brazilian government is now planning to implement natural forest concessions for timber extraction. In addition to the legal requirements imposed on the management of concessions (minimum reserves, maximum extraction rates, etc.), the value of concessions is closely linked with uncertainties in estimates of the volume of commercial logs within the concession area and on future timber prices.
Keywords: Brazil, Amazonia, Forest Concessions, Real Option Theory, Econometric Spatial
JEL Classification: G13, C10
Suggested Citation: Suggested Citation
Moreira, Ajax R. and Rocha, Katia and Reis, Eustáquio José and Carvalho, Leonardo, The Option Value of Forest Concessions in Brazilian Amazon. Available at SSRN: https://ssrn.com/abstract=324180
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.