A Reply to Option Value of Harvesting Revisited (The Comment)

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dc.contributor.authorLi, Eric A. L.
dc.date.accessioned2026-02-06T18:47:41Z
dc.date.issued2009
dc.departmentDoğu Akdeniz Üniversitesi
dc.description.abstractLi's results (1998) are correct and robust. The Comment offers an interesting perspective from real-options theory albeit misguided-from a resource-economics point of view. In particular, the lack of sensitivity in the optimal harvest trigger to biomass uncertainty is questionable. This reply begins with a general overview of resource-economic principles and the role of real options in them. A specific reply to each point raised in The Comment will then be addressed.
dc.identifier.doi10.1086/mre.24.1.42629647
dc.identifier.endpage87
dc.identifier.issn0738-1360
dc.identifier.issn2334-5985
dc.identifier.issue1
dc.identifier.scopus2-s2.0-65349112508
dc.identifier.scopusqualityQ2
dc.identifier.startpage83
dc.identifier.urihttps://doi.org/10.1086/mre.24.1.42629647
dc.identifier.urihttps://hdl.handle.net/11129/14508
dc.identifier.volume24
dc.identifier.wosWOS:000265082400006
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherUniv Chicago Press
dc.relation.ispartofMarine Resource Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20260204
dc.titleA Reply to Option Value of Harvesting Revisited (The Comment)
dc.typeArticle

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