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Timber Supply, Amenity Values and Biological Uncertainty

Author

Listed:
  • Koskela, E.
  • Ollikainen, M.

Abstract

This paper uses the Kreps-Porteus-Selden non-expected utility approach to study the effects of biological uncertainty on harvesting behavior when forest owners have preferences over harvest revenue and amenity services of forest stands.

Suggested Citation

  • Koskela, E. & Ollikainen, M., 1998. "Timber Supply, Amenity Values and Biological Uncertainty," University of Helsinki, Department of Economics 439, Department of Economics.
    • Handle: RePEc:fth:helsec:439
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    Cited by:

    1. Blomquist, Sören & Aronsson, Thomas, 1999. "On Environmental Taxation under Uncertainty," Working Paper Series 1999:14, Uppsala University, Department of Economics.

    More about this item

    Keywords

    FORESTS;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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