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Economics of Forestry in an Evolving Society

In: Classic Papers in Natural Resource Economics

Citations

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Cited by:

  1. Ben Abdallah, Skander & Lasserre, Pierre, 2016. "Asset retirement with infinitely repeated alternative replacements: Harvest age and species choice in forestry," Journal of Economic Dynamics and Control, Elsevier, vol. 70(C), pages 144-164.
  2. Price, Colin, 2018. "Declining discount rate and the social cost of carbon: Forestry consequences," Journal of Forest Economics, Elsevier, vol. 31(C), pages 39-45.
  3. Jussi Lintunen & Aapo Rautiainen & Jussi Uusivuori, 2022. "Which Is more Important, Carbon or Albedo? Optimizing Harvest Rotations for Timber and Climate Benefits in a Changing Climate," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(1), pages 134-160, January.
  4. Viitala, Esa-Jussi, 2006. "An early contribution of Martin Faustmann to natural resource economics," Journal of Forest Economics, Elsevier, vol. 12(2), pages 131-144, June.
  5. Fabbri, Giorgio & Faggian, Silvia & Freni, Giuseppe, 2015. "On the Mitra–Wan forest management problem in continuous time," Journal of Economic Theory, Elsevier, vol. 157(C), pages 1001-1040.
  6. Tamara Peneva Todorova, 2014. "The tragedy of the private: transaction cost considerations," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 41(6), pages 482-492, June.
  7. Todorova, Tamara, 2015. "The Transaction-Cost Roots of Market Failure," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 0(1(11)), pages 30-44.
  8. Deegen Peter, 2013. "Die Stellung der Tharandter Theorien der forstlichen Nachhaltigkeit in Hayeks Klassifikation der Formen menschlicher Ordnung / The relation among the Tharandt-based theories of forest sustainability a," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 64(1), pages 79-98, January.
  9. Anne Sophie Crépin, 2003. "Management Challenges for Multiple-Species Boreal Forests," Working Papers 2003.106, Fondazione Eni Enrico Mattei.
  10. Deegen, Peter & Halbritter, Andreas, 2018. "The pure market allocation of land between forestry and agriculture," Forest Policy and Economics, Elsevier, vol. 97(C), pages 122-131.
  11. Alvarez, Luis H. R. & Koskela, Erkki, 2005. "Wicksellian theory of forest rotation under interest rate variability," Journal of Economic Dynamics and Control, Elsevier, vol. 29(3), pages 529-545, March.
  12. Cacho, Oscar, 2001. "An analysis of externalities in agroforestry systems in the presence of land degradation," Ecological Economics, Elsevier, vol. 39(1), pages 131-143, October.
  13. Bhattacharyya, Rabindra N. & Snyder, Donald L., 1986. "Towards A More General Dynamic Economic Model Of The Optimal Rotation Of Forests," 1986 Annual Meeting, July 27-30, Reno, Nevada 278086, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  14. Tahvonen, Olli & Salo, Seppo & Kuuluvainen, Jari, 2001. "Optimal forest rotation and land values under a borrowing constraint," Journal of Economic Dynamics and Control, Elsevier, vol. 25(10), pages 1595-1627, October.
  15. Riera, Pere & Aranda, Leticia & Mavsar, Robert, 2007. "Efficiency and equity of forest policies: A graphic analysis using the partial equilibrium framework," Forest Policy and Economics, Elsevier, vol. 9(7), pages 852-861, April.
  16. Sahashi, Yoshinao, 2002. "The convergence of optimal forestry control," Journal of Mathematical Economics, Elsevier, vol. 37(3), pages 179-214, May.
  17. Hans Gottinger, 1991. "Stochastic models for capital growth," Journal of Economics, Springer, vol. 54(3), pages 267-281, October.
  18. Koster, Roman & Fuchs, Jasper M., 2022. "Opportunity costs of growing space – an essential driver of economical single-tree harvest decisions," Forest Policy and Economics, Elsevier, vol. 135(C).
  19. Michael Scorgie, 1997. "Progenitors of modern management accounting concepts and mensurations in pre-industrial England," Accounting History Review, Taylor & Francis Journals, vol. 7(1), pages 31-59.
  20. Tahvonen, Olli & Rautiainen, Aapo, 2017. "Economics of forest carbon storage and the additionality principle," Resource and Energy Economics, Elsevier, vol. 50(C), pages 124-134.
  21. Laia PIÉ DOLS & Maria LLOP LLOP, 2010. "Modelling a Reduction of Greenhouse Gases Emissions in the Catalan Economy: The NAMEA Approach," EcoMod2010 259600132, EcoMod.
  22. Gjolberg, Ole & Guttormsen, Atle G., 2002. "Real options in the forest: what if prices are mean-reverting?," Forest Policy and Economics, Elsevier, vol. 4(1), pages 13-20, May.
  23. Erickson, Jon D. & Chapman, Duane & Fahey, Timothy J. & Christ, Martin J., 1997. "Nonrenewability in Forest Rotations: Implications for Economic and Ecosystem Sustainability," Working Papers 127837, Cornell University, Department of Applied Economics and Management.
  24. Alvarez, Luis H R & Koskela, Erkki, 2003. "On Forest Rotation under Interest Rate Variability," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 10(4), pages 489-503, August.
  25. Fernandez-Anaya, Guillermo & Alvarez-Ramirez, Jose & Ibarra-Valdez, Carlos, 2007. "On feedback and stable price adjustment mechanisms," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 377(1), pages 211-226.
  26. Chang, Sun Joseph & Deegen, Peter, 2011. "Pressler's indicator rate formula as a guide for forest management," Journal of Forest Economics, Elsevier, vol. 17(3), pages 258-266, August.
  27. Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Working Papers 0025, University of Washington, Department of Economics.
  28. Langholtz, Matthew & Carter, Douglas R. & Rockwood, Donald L. & Alavalapati, Janaki R.R. & Green, Alex, 2005. "Effect of dendroremediation incentives on the profitability of short-rotation woody cropping of Eucalyptus grandis," Forest Policy and Economics, Elsevier, vol. 7(5), pages 806-817, August.
  29. Navarrete, Eduardo, 2012. "Modeling optimal pine stands harvest under stochastic wood stock and price in Chile," Forest Policy and Economics, Elsevier, vol. 15(C), pages 54-59.
  30. Gardner M. Brown, 2000. "Renewable Natural Resource Management and Use without Markets," Journal of Economic Literature, American Economic Association, vol. 38(4), pages 875-914, December.
  31. Wildberg, Johannes & Möhring, Bernhard, 2021. "Continuous timber harvest — Costly restriction or profitable solution?," Forest Policy and Economics, Elsevier, vol. 123(C).
  32. Gunalay, Y. & Kula, E., 2012. "Optimum cutting age for timber resources with carbon sequestration," Resources Policy, Elsevier, vol. 37(1), pages 90-92.
  33. Gong, Peichen & Löfgren, Karl-Gustaf, 2016. "Could the Faustmann model have an interior minimum solution?," Journal of Forest Economics, Elsevier, vol. 24(C), pages 123-129.
  34. 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.
  35. Mason Gaffney, 2008. "Keeping Land in Capital Theory: Ricardo, Faustmann, Wicksell, and George," American Journal of Economics and Sociology, Wiley Blackwell, vol. 67(1), pages 119-141, January.
  36. Jarisch, Isabelle & Bödeker, Kai & Bingham, Logan Robert & Friedrich, Stefan & Kindu, Mengistie & Knoke, Thomas, 2022. "The influence of discounting ecosystem services in robust multi-objective optimization – An application to a forestry-avocado land-use portfolio," Forest Policy and Economics, Elsevier, vol. 141(C).
  37. Sahashi, Yoshinao, 2002. "Optimal forestry control with variable forest area," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 755-796, May.
  38. Tahvonen, Olli & Suominen, Antti & Malo, Pekka & Viitasaari, Lauri & Parkatti, Vesa-Pekka, 2022. "Optimizing high-dimensional stochastic forestry via reinforcement learning," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
  39. 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.
  40. Janne Rämö & Olli Tahvonen, 2017. "Optimizing the Harvest Timing in Continuous Cover Forestry," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 853-868, August.
  41. Yuri Biondi, 2009. "Capital budgeting under relational contracting: optimal ranking and duration criteria for schemes of concession, project-financing and public-private partnership," Post-Print hal-00442716, HAL.
  42. Even Bjørnstad & Anders Skonhoft, 2002. "Wood Fuel or Carbon Sink? Aspects of Forestry in the Climate Question," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(4), pages 447-465, December.
  43. Adriana Piazza, 2009. "The optimal harvesting problem with a land market: a characterization of the asymptotic convergence," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(1), pages 113-138, July.
  44. Hoel, Michael & Holtsmark, Bjart & Holtsmark, Katinka, 2014. "Faustmann and the climate," Journal of Forest Economics, Elsevier, vol. 20(2), pages 192-210.
  45. Cerdá, Emilio & Martín-Barroso, David, 2013. "Optimal control for forest management and conservation analysis in dehesa ecosystems," European Journal of Operational Research, Elsevier, vol. 227(3), pages 515-526.
  46. M. Ali Khan & Adriana Piazza, 2010. "On uniform convergence of undiscounted optimal programs in the Mitra–Wan forestry model: The strictly concave case," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(1), pages 57-76, March.
  47. Jack Hirshleifer, 1985. "Investment Decision Criteria," UCLA Economics Working Papers 365, UCLA Department of Economics.
  48. Karl-Gustaf Löfgren, 1991. "Another reconciliation between economists and forestry experts: OLG-arguments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 1(1), pages 83-95, March.
  49. Parkatti, Vesa-Pekka & Tahvonen, Olli, 2021. "Economics of multifunctional forestry in the Sámi people homeland region," Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
  50. Caparros, Alejandro & Jacquemont, Frederic, 2003. "Conflicts between biodiversity and carbon sequestration programs: economic and legal implications," Ecological Economics, Elsevier, vol. 46(1), pages 143-157, August.
  51. Kant, Shashi, 2003. "Extending the boundaries of forest economics," Forest Policy and Economics, Elsevier, vol. 5(1), pages 39-56, January.
  52. Khan, M. Ali & Piazza, Adriana, 2011. "Classical turnpike theory and the economics of forestry," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 194-210, August.
  53. Creamer, Selmin F. & Genz, Alan & Blatner, Keith A., 2012. "The Effect of Fire Risk on the Critical Harvesting Times for Pacific Northwest Douglas-Fir When Carbon Price Is Stochastic," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 41(3), pages 1-14, December.
  54. Gutrich, John & Howarth, Richard B., 2007. "Carbon sequestration and the optimal management of New Hampshire timber stands," Ecological Economics, Elsevier, vol. 62(3-4), pages 441-450, May.
  55. Viitala, Esa-Jussi, 2016. "Faustmann formula before Faustmann in German territorial states," Forest Policy and Economics, Elsevier, vol. 65(C), pages 47-58.
  56. Guitart, A. Bussoni & Rodriguez, L.C. Estraviz, 2010. "Private valuation of carbon sequestration in forest plantations," Ecological Economics, Elsevier, vol. 69(3), pages 451-458, January.
  57. Luis H. R. Alvarez & Erkki Koskela, 2003. "On the Tree-Cutting Problem under Interest Rate and Forest Value Uncertainty," CESifo Working Paper Series 870, CESifo.
  58. Galapitage, D.C., 1991. "An Economic Analysis of Multiple Use Management of Mountain Ash Forests in Victoria for Timber and Water Harvesting," 1991 Conference (35th), February 11-14, 1991, Armidale, Australia 145864, Australian Agricultural and Resource Economics Society.
  59. Tahvonen, Olli & Salo, Seppo, 1999. "Optimal Forest Rotation within SituPreferences," Journal of Environmental Economics and Management, Elsevier, vol. 37(1), pages 106-128, January.
  60. Guttormsen, Atle G. & Kristofersson, Dadi & Nævdal, Eric, 2008. "Optimal management of renewable resources with Darwinian selection induced by harvesting," Journal of Environmental Economics and Management, Elsevier, vol. 56(2), pages 167-179, September.
  61. Hampicke, Ulrich, 2001. "Remunerating nature conservation in central European forests: scope and limits of the Faustmann-Hartman approach," Forest Policy and Economics, Elsevier, vol. 2(2), pages 117-131, June.
  62. Holtsmark, Bjart, 2013. "Boreal forest management and its effect on atmospheric CO2," Ecological Modelling, Elsevier, vol. 248(C), pages 130-134.
  63. Tassone, Valentina C. & Wesseler, Justus & Nesci, Francesco S., 2006. "Reply to the comment by Thorsen et al. on "Diverging incentives for afforestation from carbon sequestration: An economic analysis of the EU afforestation program in the south of Italy"," Forest Policy and Economics, Elsevier, vol. 9(2), pages 109-112, November.
  64. Price, Colin, 6. "Optimal Rotation under Continually – or Continuously – Declining Discount Rate," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 42, April.
  65. Alvarez, Luis H.R. & Koskela, Erkki, 2006. "Does risk aversion accelerate optimal forest rotation under uncertainty?," Journal of Forest Economics, Elsevier, vol. 12(3), pages 171-184, December.
  66. Uchida, Emi, 2005. "Optimal Timber Rotation on Multiple Stands with an Asymmetric Externality," 2005 Annual meeting, July 24-27, Providence, RI 19532, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  67. Alvarez, Luis H.R. & Koskela, Erkki, 2007. "Taxation and rotation age under stochastic forest stand value," Journal of Environmental Economics and Management, Elsevier, vol. 54(1), pages 113-127, July.
  68. Miguel Riviere & Sylvain Caurla, 2020. "Representations of the Forest Sector in Economic Models [Les représentations du secteur forestier dans les modèles économiques]," Post-Print hal-03088084, HAL.
  69. Mitra, Tapan, 2004. "Intergenerational Equity and the Forest Management Problem," Working Papers 04-17, Cornell University, Center for Analytic Economics.
  70. Ando, Amy, 1997. "The Price-Elasticity of Stumpage Sales from Federal Forests," RFF Working Paper Series dp-98-06, Resources for the Future.
  71. 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.
  72. Cacho, Oscar J., 1999. "Valuing Agroforestry In The Presence Of Land Degradation," Working Papers 12931, University of New England, School of Economics.
  73. Lauer, Christopher J. & Montgomery, Claire A. & Dietterich, Thomas G., 2017. "Spatial interactions and optimal forest management on a fire-threatened landscape," Forest Policy and Economics, Elsevier, vol. 83(C), pages 107-120.
  74. Adriana Piazza, 2010. "About optimal harvesting policies for a multiple species forest without discounting," Journal of Economics, Springer, vol. 100(3), pages 217-233, July.
  75. Wacker, Holger, 1999. "Optimal harvesting of mutualistic ecological systems," Resource and Energy Economics, Elsevier, vol. 21(1), pages 89-102, January.
  76. Barreal, Jesús & Loureiro, Maria L. & Picos, Juan, 2014. "On insurance as a tool for securing forest restoration after wildfires," Forest Policy and Economics, Elsevier, vol. 42(C), pages 15-23.
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  78. Chang, Sun Joseph, 2020. "Twenty one years after the publication of the generalized Faustmann formula," Forest Policy and Economics, Elsevier, vol. 118(C).
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  86. Tahvonen, Olli, 2016. "Economics of rotation and thinning revisited: the optimality of clearcuts versus continuous cover forestry," Forest Policy and Economics, Elsevier, vol. 62(C), pages 88-94.
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