Uncertainty and Natural Resources - Prudence Facing Doomsday

Tourism And Natural Resources

Investment portfolios under uncertainty for utilizing natural gas resources

Numerous reasons including lower carbon and sulfur emissions have led to the rapid growth of natural gas (NG) demand. However, more than one-third of world NG reserves are stranded, i.e., either remote (e.g., offshore) or in regions with saturated markets. This reality makes the investment decisions complex and uncertain for NG field developers. In this study, we consider the case of a company ...

Prudence in bargaining: The effect of uncertainty on bargaining outcomes

We investigate the outcome of bargaining when a player’s pay-off from agreement is risky. We find that a risk-averse player typically increases his equilibrium receipts when his pay-off is made risky. This is because the presence of risk makes individuals behave “more patiently” in bargaining. Strong analogies are drawn to the precautionary saving literature. We show that the effect of risk on ...

Ethics and Participation in Natural Resources Protection

Background: Public participation in decisions regarding natural resources is the easiest way to ‎preserve these resources. It seems that having human of conservation ethics of natural resources, ‎has affect on their participation in the preservation of natural resources. This survey research was ‎done to investigate the relationship between conservation ethics of natural resources and ‎particip...

tourism and natural resources