Andersson, Mats - In: Journal of Forest Economics 18 (2012) 1, pp. 3-13
This study relates owner and property characteristics to non-industrial private forest (NIPF) owners’ attitudes to … financial risk-taking in forestry decisions. Using a two-period mean-variance setting, the harvesting decisions of NIPF owners … empirically unobservable, I rely on an index of NIPF owners’ attitudes to risk from a hypothetical survey question involving …