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11.
Aline Chiabai Ibon Galarraga Anil Markandya Unai Pascual 《Environmental and Resource Economics》2013,56(4):535-550
Making decisions about optimal investments in green infrastructure necessitates setting social discount rates. This paper suggests a practical way for determining the discount rate for projects or programmes in which one of the options is to maintain or restore land to an undeveloped state. We propose an “equivalency principle” to derive a simple rule that sets the discount rate. The rule is based on the premise that the long term value of a piece of undeveloped land ought to be at least the same as the value of an identical piece of land in the vicinity to which permission has been granted for development. We illustrate this principle with various case studies and we apply it to a contentious investment project in the Basque Country associated with the regeneration of a large scale harbour that involves reclaiming undeveloped land that has important ecological values, including for the conservation of a marine ecosystem. 相似文献
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Aktuelle Publikationen
Publikationen deutschsprachiger Forscher in Top-Journals (4. Quartal 2010) 相似文献14.
This exploratory study examines the roles of uncertainty and attitude toward risk in the adoption process of innovations under different competitive conditions. Hypotheses are tested across simulated competitive environments, utilizing a fractional factorial experimental design. The results demonstrate that the roles of the perceived value of the innovation and of uncertainty depend on the competitive environment facing the manager.The assistance of Kristiaan Helsen and Douglas Bowman in data analysis is deeply appreciated, as well as the comments of Peter Fader and Robert Meyer. 相似文献
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Aline Chiabai Krassimira Paskaleva Patrizia Lombardi 《International Journal of Tourism Research》2013,15(1):35-51
The paper presents a ‘bottom‐up approach’ for cultural tourism management, based on the development of an e‐participation website for an Italian city, where the stakeholders are placed at the centre of the decisional process. The analysis provides an indication on how to personalize and differentiate the cultural tourism offer according to the stakeholders’ perspectives and to specific territorial characteristics. Innovative techniques of stakeholders’ engagement are offered by information and communication technologies tools that can play a vital role in today's cultural destinations. However, the study shows that the Web is yet to be utilized as an effective tool in stakeholders’ participation processes. Copyright © 2011 John Wiley & Sons, Ltd. 相似文献
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While Norway has experienced income growth accompanied by a large decline in mortality during the past several decades, little is known about the distribution of these improvements in longevity across the income distribution. Using municipality‐level income and mortality data, we show that the stark income gradient in infant mortality across municipalities in the 1950s mostly closed in the late 1960s. However, the income gradient in mortality for older age categories across municipalities persisted until 2010 and only flattened thereafter. Further, the infant mortality gap between rich and poor Norwegian families based on individual‐level data persisted several decades longer than the gap between rich and poor municipalities and only finally closed in the early 21st century. 相似文献
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We examine the relationship between financial crisis exchange rate variability and equity return volatility for US multinationals. Empirical analysis of the major financial crises of the last decades reveals that stock return variability increases significantly in the aftermath of a crisis, even relative to the increase in stock return volatility for other firms belonging to the same industry and market capitalization class. In conjunction with this increase in total volatility, there is also an increase in stock market risk (β) for multinational firms. Moreover, trade and service oriented industries appear to be particularly sensitive to these changing exchange rate conditions. 相似文献
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Aline Suelen PIRES 《Annals of Public and Cooperative Economics》2018,89(2):339-360
The scenario outlined by the productive restructuring associated with the economic crisis and other changes in the Brazilian economy in the 1990s led to the bankruptcy of many businesses and resulted in an increase in unemployment and uncertainty in work relations. Thus, the workers sought other forms of survival, including associated work. Some groups began to organize themselves with the aim of collectively assuming the management of bankrupted factories in order to keep their jobs. The first ‘recovered factories’ appeared in Brazil. In this context, some supporting institutions were also born, in order to support these experiences, as well as other initiatives within the cooperative and social economy. Our proposal is to make a general analysis of the current situation of the recovered factories in Brazil, discussing whether and how the values of cooperativism and self‐management are present in these factories today. 相似文献
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Aline Chiabai Chiara M. Travisi Anil Markandya Helen Ding Paulo A. L. D. Nunes 《Environmental and Resource Economics》2011,50(3):405-445
This paper presents a bottom-up methodological framework for estimating some of the key ecosystem services provided by forests
biomes worldwide. We consider the provision of wood and non-wood forest products, recreation and passive use services, and
carbon sequestration. The valuation framework derives per hectare estimates by applying meta-analysis, value-transfer and
scaling-up procedures in order to control for the existing heterogeneities across world regions and forest biomes. The first
part of the study estimates stock values per hectare for each forest ecosystem service in the baseline year 2000 and in the
year 2050. Results differ per geographical region and biome. Carbon stocks represent, on average, the highest value per hectare,
followed by provisioning services, passive use and recreational values respectively. The second part provides an estimation
of the welfare loss (or gain) associated with policy inaction in the period 2000–2050 leading to a change in the forest area.
Welfare results are mixed and require a careful interpretation, ranging from a worldwide annual benefit of + 0.03% of 2050
GDP to an annual loss of −0.13%. The highest damage is expected in Brazil due to the increasing deforestation taking place
in tropical natural forests, which is causing a considerable loss of carbon stocks. 相似文献
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We find that about 13% of our sample of 817 European multinational firms experienced economically significant exposure effects to the Japanese yen, 14% to the US dollar and 22% to the UK pound. Our evidence differs substantially from the US experience and is robust across sub‐sample periods, suggesting that a depreciating (appreciating) euro against foreign currencies has a net negative (positive) impact on European stock returns. Short‐term exposure seems to be relatively well hedged, where considerable evidence of long‐term exposure is found. Firms with weak liquidity positions tend to have smaller exposures. Foreign exposure is found to increase with firm size. 相似文献