Option values of tropical forests

Option and quasi-option values refer to future benefits that are uncertain and that may be irreversibly lost subject to decisions that must be made in the present. Despite appearing highly relevant to biodiversity conservation (e.g., tropical forests are being cut down now, but we are uncertain of the benefits they may providein the future, and these benefits will likely be irretrievably lost once deforestation has occurred), there is little in the way of empirical assessment of option values in this area. The intern would conduct a literature/data search for information pertaining to option values and tropical forests. Subject to the information that is uncovered, an empirical assessment of option values for a particular area may be attempted. Requirements: Degree in environmental economics and/or significant non-market valuation experience. Familiarity with calculus, differential equations, dynamic programming, and statistical simulation methods a plus. Preference for candidates that can work independently.

Stipend: Unpaid.

Due date for CV and cover letter: April 1, 2008

Contact: Robin Naidoo (robin.naidoo@wwfus.org)