Option Value of Apex Predators: Evidence from a River Discontinuity

We acknowledge the generous support of the Energy Policy Institute at the University of Chicago and the Property and Environment Research Center. Anouch Missirian acknowledges financial support from the Agence Nationale pour la Recherche (EUR CHESS # ANR-17-EURE-0010). We are grateful for the helpful comments from Levi Altringer, Koichiro Ito, Peter Kareiva, Ryan Kellogg, and seminar and conference participants at Yale University, London School of Economics, the Planetary Management seminar, the European Meeting of the Urban Economics Association, and the Property and Environment Research Center. We thank Andrew Hennessy, Kaveri Chhikara, Jared Hernandez, Julia Crainic, and Siyue Ouyang for excellent research assistance. All remaining errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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