Challenging the assumptions of a standard model: How historical triggers in terms of technical innovations, labor costs and timber price change the land expectation value
Author
Abstract
Suggested Citation
DOI: 10.1016/j.forpol.2018.07.009
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Benitez, Pablo C. & McCallum, Ian & Obersteiner, Michael & Yamagata, Yoshiki, 2007. "Global potential for carbon sequestration: Geographical distribution, country risk and policy implications," Ecological Economics, Elsevier, vol. 60(3), pages 572-583, January.
- Buongiorno, Joseph & Zhou, Mo, 2011. "Further generalization of Faustmann's formula for stochastic interest rates," Journal of Forest Economics, Elsevier, vol. 17(3), pages 248-257, August.
- Halbritter, Andreas & Deegen, Peter, 2015. "A combined economic analysis of optimal planting density, thinning and rotation for an even-aged forest stand," Forest Policy and Economics, Elsevier, vol. 51(C), pages 38-46.
- Loisel, Patrice, 2014.
"Impact of storm risk on Faustmann rotation,"
Forest Policy and Economics, Elsevier, vol. 38(C), pages 191-198.
- Patrice Loisel, 2012. "Impact of storm risk on Faustmann rotation," Post-Print hal-02806006, HAL.
- Patrice Loisel, 2014. "Impact of storm risk on Faustmann rotation," Post-Print hal-00911468, HAL.
- Marc Hanewinkel & Dominik A. Cullmann & Mart-Jan Schelhaas & Gert-Jan Nabuurs & Niklaus E. Zimmermann, 2013. "Climate change may cause severe loss in the economic value of European forest land," Nature Climate Change, Nature, vol. 3(3), pages 203-207, March.
- Sinha, Ankur & Rämö, Janne & Malo, Pekka & Kallio, Markku & Tahvonen, Olli, 2017. "Optimal management of naturally regenerating uneven-aged forests," European Journal of Operational Research, Elsevier, vol. 256(3), pages 886-900.
- Laurence Reeves & Robert Haight, 2000. "Timber harvest scheduling with price uncertainty using Markowitz portfolio optimization," Annals of Operations Research, Springer, vol. 95(1), pages 229-250, January.
- Brukas, Vilis & Jellesmark Thorsen, Bo & Helles, Finn & Tarp, Peter, 2001. "Discount rate and harvest policy: implications for Baltic forestry," Forest Policy and Economics, Elsevier, vol. 2(2), pages 143-156, June.
- David H. Newman & David N. Wear, 1993. "Production Economics of Private Forestry: A Comparison of Industrial and Nonindustrial Forest Owners," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 674-684.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Couture, Stéphane & Cros, Marie-Josée & Sabbadin, Régis, 2016. "Risk aversion and optimal management of an uneven-aged forest under risk of windthrow: A Markov decision process approach," Journal of Forest Economics, Elsevier, vol. 25(C), pages 94-114.
- Rakotoarison, Hanitra & Loisel, Patrice, 2016. "The Faustmann model under storm risk and price uncertainty: A case study of European beech in Northwestern France," MPRA Paper 85114, University Library of Munich, Germany.
- Liu, Bingcai & Sohngen, Brent, 2020. "Modeling and predicting forest movement: An analysis of timber market and climate change," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304335, Agricultural and Applied Economics Association.
- Eriksson, Mathilda, 2020. "Afforestation and avoided deforestation in a multi-regional integrated assessment model," Ecological Economics, Elsevier, vol. 169(C).
- Patrice Loisel & Marielle Brunette & Stéphane Couture, 2020.
"Insurance and Forest Rotation Decisions Under Storm Risk,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(2), pages 347-367, July.
- Patrice Loisel & Marielle Brunette & Stéphane Couture, 2018. "Insurance and forest rotation decisions under storm risk," Post-Print hal-02785389, HAL.
- Patrice Loisel & Marielle Brunette & Stéphane Couture, 2019. "Insurance and forest rotation decisions under storm risk," Post-Print hal-02786285, HAL.
- Patrice Loisel & Marielle Brunette & Stéphane Couture, 2020. "Insurance and Forest Rotation Decisions Under Storm Risk," Post-Print hal-02874875, HAL.
- Patrice Loisel & Marielle Brunette & Stéphane Couture, 2019. "Insurance and forest rotation decisions under storm risk," Post-Print hal-03794748, HAL.
- Chang, Sun Joseph, 2020. "Twenty one years after the publication of the generalized Faustmann formula," Forest Policy and Economics, Elsevier, vol. 118(C).
- Newman, D.H., 2002. "Forestry's golden rule and the development of the optimal forest rotation literature," Journal of Forest Economics, Elsevier, vol. 8(1), pages 5-27.
- Vedel, Suzanne Elizabeth & Jacobsen, Jette Bredahl & Thorsen, Bo Jellesmark, 2015. "Forest owners' willingness to accept contracts for ecosystem service provision is sensitive to additionality," Ecological Economics, Elsevier, vol. 113(C), pages 15-24.
- Susaeta, Andres & Gutiérrez, Ester & Lozano, Sebastián, 2023. "Profit-efficiency analysis of forest ecosystem services in the southeastern US," Ecosystem Services, Elsevier, vol. 64(C).
- Petri P Kärenlampi, 2019. "Wealth accumulation in rotation forestry – Failure of the net present value optimization?," PLOS ONE, Public Library of Science, vol. 14(10), pages 1-19, October.
- Deegen, Peter & Matolepszy, Kai, 2015. "Economic balancing of forest management under storm risk, the case of the Ore Mountains (Germany)," Journal of Forest Economics, Elsevier, vol. 21(1), pages 1-13.
- Roessiger, Joerg & Kulla, Ladislav & Bošeľa, Michal, 2018. "Finding equilibrium in continuous-cover forest management sensitive to interest rates using an advanced matrix transition model," Journal of Forest Economics, Elsevier, vol. 33(C), pages 83-94.
- Batidzirai, B. & Smeets, E.M.W. & Faaij, A.P.C., 2012. "Harmonising bioenergy resource potentials—Methodological lessons from review of state of the art bioenergy potential assessments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(9), pages 6598-6630.
- Ran Wei & Alan Murray, 2015. "Spatial uncertainty in harvest scheduling," Annals of Operations Research, Springer, vol. 232(1), pages 275-289, September.
- Channa Suraweera & Martin Baláš & Josef Gallo & Giuseppe D'Andrea & Stanislav Vacek & Jiří Remeš, 2023. "Intensive initial care of silver fir using improving compounds: A way to support diverse forests?," Journal of Forest Science, Czech Academy of Agricultural Sciences, vol. 69(5), pages 179-192.
- Shumway, C. Richard, 1995. "Recent Duality Contributions In Production Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(1), pages 1-17, July.
- Zhang, Xufang & Sun, Changyou & Munn, Ian A. & Gordon, Jason, 2021. "How to protect the U.S. forest products industry from the perspective of trade? A comparison of policies within the forest supply chain," Forest Policy and Economics, Elsevier, vol. 133(C).
- Susanne Neuner & Thomas Knoke, 2017. "Economic consequences of altered survival of mixed or pure Norway spruce under a dryer and warmer climate," Climatic Change, Springer, vol. 140(3), pages 519-531, February.
- Mäntymaa, Erkki & Juutinen, Artti & Tyrväinen, Liisa & Karhu, Jouni & Kurttila, Mikko, 2018. "Participation and compensation claims in voluntary forest landscape conservation: The case of the Ruka-Kuusamo tourism area, Finland," Journal of Forest Economics, Elsevier, vol. 33(C), pages 14-24.
- Fankhauser, Samuel & Martin, Nat, 2010.
"The economics of the CDM levy: Revenue potential, tax incidence and distortionary effects,"
Energy Policy, Elsevier, vol. 38(1), pages 357-363, January.
- Samuel Fankhauser & Nat Martin & Stephen Prichard, 2009. "The economics of the CDM levy: Revenue potential, tax incidence and distortionary effects," GRI Working Papers 1, Grantham Research Institute on Climate Change and the Environment.
- Fankhauser, Samuel & Martin, Nat & Prichard, Stephen, 2009. "The economics of the CDM levy: revenue potential, tax incidence and distortionary effects," LSE Research Online Documents on Economics 37604, London School of Economics and Political Science, LSE Library.
More about this item
Keywords
Faustmann; Forest history; Harvesting productivity; Forest labor costs; Timber price; Wood price;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:forpol:v:95:y:2018:i:c:p:46-56. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/forpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.