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Non-timber benefits, price uncertainty and optimal harvest of an even-aged stand

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  • Gong, Peichen
  • Boman, Mattias
  • Mattsson, Leif

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  • Gong, Peichen & Boman, Mattias & Mattsson, Leif, 2005. "Non-timber benefits, price uncertainty and optimal harvest of an even-aged stand," Forest Policy and Economics, Elsevier, vol. 7(3), pages 283-295, March.
    • Handle: RePEc:eee:forpol:v:7:y:2005:i:3:p:283-295
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    References listed on IDEAS

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    1. Tahvonen, Olli & Salo, Seppo, 1999. "Optimal Forest Rotation within SituPreferences," Journal of Environmental Economics and Management, Elsevier, vol. 37(1), pages 106-128, January.
    2. Max, Wendy & Lehman, Dale E., 1988. "A behavioral model of timber supply," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 71-86, March.
    3. Strang, William J, 1983. "On the Optimal Forest Harvesting Decision," Economic Inquiry, Western Economic Association International, vol. 21(4), pages 576-583, October.
    4. Thomas A. Thomson, 1992. "Optimal Forest Rotation When Stumpage Prices Follow a Diffusion Process," Land Economics, University of Wisconsin Press, vol. 68(3), pages 329-342.
    5. Conrad, Jon M., 1997. "On the option value of old-growth forest," Ecological Economics, Elsevier, vol. 22(2), pages 97-102, August.
    6. Snyder, Donald L. & Bhattacharyya, Rabindra N., 1990. "A more general dynamic economic model of the optimal rotation of multiple-use forests," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 168-175, March.
    7. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
    8. G. Cornelis van Kooten & Clark S. Binkley & Gregg Delcourt, 1995. "Effect of Carbon Taxes and Subsidies on Optimal Forest Rotation Age and Supply of Carbon Services," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(2), pages 365-374.
    9. Swallow Stephen K. & Wear David N., 1993. "Spatial Interactions in Multiple-Use Forestry and Substitution and Wealth Effects for the Single Stand," Journal of Environmental Economics and Management, Elsevier, vol. 25(2), pages 103-120, September.
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    Cited by:

    1. Andersson, Mats & Gong, Peichen, 2010. "Risk preferences, risk perceptions and timber harvest decisions -- An empirical study of nonindustrial private forest owners in northern Sweden," Forest Policy and Economics, Elsevier, vol. 12(5), pages 330-339, June.
    2. Susaeta, Andres & Gong, Peichen, 2019. "Economic viability of longleaf pine management in the Southeastern United States," Forest Policy and Economics, Elsevier, vol. 100(C), pages 14-23.
    3. Nguyen, Trung Thanh & Nghiem, Nhung, 2016. "Optimal forest rotation for carbon sequestration and biodiversity conservation by farm income levels," Forest Policy and Economics, Elsevier, vol. 73(C), pages 185-194.
    4. Lu, Fadian & Gong, Peichen, 2005. "Adaptive thinning strategies for mixed-species stand management with stochastic prices," Journal of Forest Economics, Elsevier, vol. 11(1), pages 53-71, June.
    5. Hallmann, Fanfan W. & Amacher, Gregory S., 2014. "Uncertain emerging biomass markets, ecosystem services, and optimal land use," Forest Policy and Economics, Elsevier, vol. 47(C), pages 46-56.
    6. Marutani, Teruhiko, 2010. "The effect of site quality on economically optimal stand management," Journal of Forest Economics, Elsevier, vol. 16(1), pages 35-46, January.
    7. Mats, Andersson & Gong, Peichen, 6. "Risk Preferences, Risk Perceptions and Timber Harvest Decisions – An Empirical Study of NIPF Owners in Northern Sweden," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 42, April.

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