The Maxwell School
Syracuse University
Syracuse University
| Fundamentals
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| Neher, Chapters 3 and 13. | |
| Fisher, Chapter 5. | |
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Irreversibility
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| Arrow, K.J. and A.C. Fisher (1974), "Environmental Preservation, Uncertainty, and Irreversibility," Quarterly Journal of Economics, Vol. 88, May. (A classic paper showing that irreversible conversions of amenity-producing resources into other uses should be slower when there is uncertainty about the future value of the amenity.) | |
| Henry, C. (1974), "Investment Decisions Under Uncertainty: The Irreversibility Effect," American Economic Review, 64: 1006-12. | |
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Valuation
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| Smith, V. Kerry (1990), "Valuing Amenity Resources Under Uncertainty: A Skeptical View of Recent Resolution," Journal of Environmental Economics and Management, 19(2): 192-102. | |
| Smith, V. Kerry (1990), "Can We Measure the Economic Value of Environmental Amenities?", Southern Economic Journal, 56(4): 865-78 | |