The Opportunity Costs of Conservation with Deterministic and Probabilistic Degradation Externalities Esther Blanco, Maria Claudia Lopez, James M. Walker Working Papers in Economics and Statistics 2012-25 Updated version. Accepted Manuscript https://doi.org/10.1007/s10640-014-9868-7 University of Innsbruck http://eeecon.uibk.ac.at/