Research School for Socio-Economic and
Natural Sciences of the Environment
Research School for Socio-Economic and
Natural Sciences of the Environment
Agenda

Assessing Economic Policies Using the Real Options Methodology

Date: 17 August 2020 - 21 August 2020
Location: Wageningen University, Leeuwenborch

Irreversible effects do play an important role in private as well as public decision making. The basis for the Precautionary Principle, an important principle in environmental policy, is uncertainty about irreversible costs of particular actions (e.g. the release of GMOs).
This course will address the issue of irreversibility from an economic point of view. Different approaches dealing with irreversibilities have emerged in the economic literature. The two most prominent once are the quasi option and real option value theory. Application of both approaches requires technical skills most students find difficult.

Intended credits3 ECTS
Course organisationWageningen School of Social Sciences
More informationCourse website





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