Three Essays in Environmental Economics PDF
By:Koji Kotani
Published on 2005 by
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This dissertation consists of three essays. The first and second essays are concerned with the application of the real options approach to economic decisions in a stochastic environment. The third essay is related to the application of experimental economics to the examination of cooperative behaviors in a public goods game. These two approaches are methodologically distinct, but both are relevant to the field of environmental economics. The real options approach has a rich set of applications in a wide variety of resource and environmental problems, while experimental economics is a relatively new approach to untangle an individual's preference for a public good. This dissertation can be considered as a collection of essays on two approaches: |real options| and |experimental economics,| applied to problems and issues in environmental economics.
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